Commercial Condos for Rent NYC

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Commercial Condos for Rent NYC

Over the long term, New York City real estate values have appreciated greatly. Unfortunately, business owners who lease their commercial spaces have not benefited from this valuation rise.

Business owners who anticipate stability in terms of the size and scope of their operations could profit from outright ownership of their commercial space. Whether they seek to purchase commercial cooperatives shares or a condominium, buying commercial real estate can offer stability, ease and financial incentives that aren’t available to commercial property lessees.

Commercial Cooperatives & Condominiums

Commercial cooperatives and condominiums are fairly rare; they’re only really available for sale in large, metropolitan cities such as Chicago, London and New York. Less than 5 percent of the Manhattan commercial real estate market consists of commercial cooperative and condominium properties.

Commercial coops and condominiums in Manhattan vary in size from as small as 500 square feet to as large as several contiguous full floor spaces. While buying Manhattan office space might not be a plausible option for most business owners who would rather invest available resources for business development, owners who foresee long term occupancy of the same space might want to explore the option of purchasing a commercial space in New York City.

Financial benefits

The long term financial incentives are far greater for commercial property co-op shareholders and condominium owners than commercial property lessees. Owners of commercial real estate benefit not only from certain tax write offs for interest and depreciation, but also from long term appreciation. A property owner is not subject to rent increases from a landlord, and also builds substantial equity as the mortgage payments are made. Lessees, while enjoying the option of flexibility if he or she chooses to relocate at the end of a lease, do not have the long term security of property ownership, which, in today’s market, is one of the more stable investments a business owner can make.

Alan set us up in a much better space for less than we had been paying.

By far my most pleasant experience with a broker in searching for an office space. Alan listened to our requirements without judgement, and found us what we needed, where we needed it, and at the price point we wanted. Very responsive to emails and quick turnaround time on all matters. Would give more stars if I could!

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Robert Certilman

It is been such a pleasure dealing with Alan from Metro Manhattan Office Space. He is upfront and honest and tries to find the right space to fit our needs. He was very successful in placing us in a building in New York City that was within our budget.

Thank you Alan and staff for your dedication to the success of my business

Andrew DiSimone

Love this guy! Called him on a Friday, from the train going home. He answered to phone himself and we spoke for over 30 minutes! That’s Great Customer Service! It took only two meetings with him to find a great new space. I was highly impressed with his knowledge, insight to my market.
Highly recommend him!