Manhattan Not for Profit Space
Finding affordable office space in Manhattan is a challenge for any business, and for may not for profits, it is an especially difficult task. However, it is possible to take advantage of financial incentives available from the government, especially in the Financial District of lower Manhattan. For example, the Commercial Revitalization Program (CRP) offers savings for tenants of up to ten dollars per square foot over the course of five years. The Lower Manhattan Energy Program (LMEP) allows for savings on electricity for tenants of up to 45 percent. The Lower Manhattan Relocation Assistance Program (LMREAP) provides a tax credit of $3,000 per employee for companies that choose to relocate to the area.
Spatial needs vary depending on the mission of the not for profit as well as its size. Some prefer an open office layout while others require separate offices for staff. In order to cut costs, not for profits may choose to sublet office space from another company and share amenities, such as telephone, internet, receptionists, kitchen space and conference rooms.