Manhattan NYC Office Space For Rent

The New York City commercial real estate market is enormous, accounting for about 15 percent of our nation’s total. And while it’s true that Manhattan is home to the heart of that commercial real estate market, New York City office space is abundant in areas beyond Manhattan. Business owners also find lease and purchase opportunities in the boroughs of Queens, Brooklyn, Staten Island and The Bronx. Recent developments have seen a swell of demand for office space in neighborhoods such as Long Island City in Queens, downtown Brooklyn and Brooklyn Heights. Real Estate Incentive Programs Fuel Demand For a number of years, the New York City Economic Development Corporation has offered several incentives and tax exemptions to companies that lease… Continue reading

Posted in Manhattan Office Space.
Where Did Manhattan’s Vacate Office & Loft Space Go?

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 have climbed significantly. After dipping during the recession, NYC commercial rental rates are now approaching their 2007 peak and there is now a scarcity of reasonably priced vacant office space in Manhattan. As recently as late 2011, there was still a pretty good selection of vacant office space in Manhattan. Much has changed in a year. Due to increased scarcity and higher pricing, the commercial real estate market by late 2012 had become challenging for businesses seeking space. Supply-and-Demand Dictates Rent… Continue reading

Posted in Manhattan Office Space.
NYC Office Space: Class A Space for Under $40/SF?

The finest commercial properties in Manhattan are Class A office buildings. Public corporations, large law firms and financial services companies tend to gravitate to these buildings as tenants who are willing and able to pay higher costs. Rent for Class A office space in NY includes the amenities and prestige that these buildings offer. Certain Class A buildings also list small spaces that are less than 1,000 square feet, so it is possible to relocate to these upscale building even if you are not a Fortune 500 company in the market for a full floor. Class A Office Space in NY Provides Prestige New York City tenants who sign leases for office space in Class A buildings enjoy 24/7 attended… Continue reading

Posted in Manhattan Office Space.
Real Estate Incentive Programs

New York City offers various Real Estate Incentive Programs (REIPs) to bolster business activity in select neighborhoods. These NYC Real Estate Incentive Programs substantially reduce the cost of commercial real estate acquisitions in Lower Manhattan, Harlem, Queens, Brooklyn and the Bronx. It takes an experienced broker to find ideal spaces for your business within designated abatement zones and to determine if your business will qualify. Metro Manhattan Office Space brokers are highly experienced in helping clients benefit from NYC Real Estate Incentive Programs to ensure you’re not letting cost-saving opportunities slip through your fingers. Not only will we help you find the right property, we’ll also help you understand how an applicable incentive program will benefit the economics of your… Continue reading

Posted in Manhattan Office Space.
NYC Office Space Tips to Reduce Your Energy Bill

Whether yours is a short- or long-term lease, the benefits of reducing energy use in your NYC office space are significant. If you haven’t yet signed or renewed a lease, it is important to arm yourself with information. Contact a professional real estate rental broker in New York City for energy-saving advice before you sign a commercial lease. Here are just a few helpful cost-saving tips for NYC office space tenants to save money on their utility bills. Find Newly Constructed or Retrofitted LEED Office Space It’s no secret that the majority of NYC office space building stock is old. A vast number of buildings in Manhattan were built before “green” even became a buzzword for sustainability. Given that, it’s also no… Continue reading

Posted in Commercial Leasing 101.