Unlike most areas of the country, in Manhattan commercial landlords employ the concept of renting “rentable” square feet when they lease a space, be it office space, retail space, medical space, showroom or loft space. To understand this concept more […]Read more
Something very interesting is occurring in the Manhattan commercial office space market: until recently, rents in class A office buildings all over the city commanded a big premium over rents in class B and C loft buildings in Midtown South. […]Read more
Do You Want Class A, Class B or Class C? Manhattan Office Buildings are Defined According to Classes
Commercial buildings in Manhattan are informally classified according to a class rating system that looks at the quality and amount of amenities offered. These standards determine the desirability and price of a rental or leased space, hence Class A, B […]Read more
The new fashion on Seventh Avenue has nothing to do with hem lengths or next year’s colors. Surprisingly, Fashion Avenue, also known as the Garment Center, is the new hot spot for affordable office space with all the amenities and […]Read more
Manhattan office space prices are mainly set by location (neighborhood), access to public transportation, office building rating (Class A, Class B, Class C). Improvements that the landlord agrees to make to space for a new tenant also counts.
Landlords quote […]Read more
How Long Will It Take You To Lease a New Office In Manhattan?
The commercial leasing process in New York City generally lasts anywhere from a few months to a year. In order to estimate the length of time it takes to acquire a new […]Read more
Tenants in the market to relocate or acquire expansion space in New York City are usually surprised to learn how limited vacant office space in Manhattan really is. On top of that, they are often surprised at how rent rates […]Read more
You know the names: Google, Yelp, Foursquare. You may also know the real estate associated with them: Chelsea Market, Union Square, SoHo. All three, combined with a swarm of other NYC tech start-ups to open their doors in Manhattan in […]Read more
The location of your business is deeply tied to its success, but finding a new rental space can be complicated. What is the best way to conduct a New York office search? How can you find the best office space […]Read more
Few terms make brokers and tenants in New York City squirm these days like “loss factor.” Loss factor is essentially the amount of communal space for which a tenant pays, but which is not included in the actual size of […]Read more
Before calling a New York City commercial real estate broker to help you rent Manhattan office space, ask yourself these eight key questions. Your answers will facilitate your search and help you find the best space at the most favorable […]Read more
Some business owners assume that contacting multiple commercial real estate brokers is better than seeking the services of one agent, thinking that this increases the number of properties they visit. While this makes sense in some ways, it is often […]Read more