77 West 55th Street

New York, New York 10019 38 W 39th St. NY NY 10018

212-581-3003

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How to Sublet Office Space in NYC

Featured
  • $76 per SF
866 Second Ave New York, NY

866 Second Ave New York, NY 10017 – 2 Dag Hammarskjold Plaza – Class A Office/Medical space for rent, Near United Nations

  • $76 per SF
866 2nd Avenue, New York, NY, USA

866 Second Ave New York, NY 10017   866 Second Ave New York, NY 10017 Cross Street:  East 47th St.  […]

  • 6450 Sq Ft
  • $76 per SF
  • Medical Office Space, Office Space, Showroom Space
Details

United Nations, Midtown Manhattan

5 months ago
Featured
  • $60 per SF $2500 /month
30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • $60 per SF $2500 /month
30 E 60th St, New York, NY 10022, USA

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq. ft.
$60-70 per Sq. Ft. Office or Medical space for lease 800 -1500 – 2500 – 4500-7800 10,000 sf plus

 We will accommodate any size 800-25,000 sf.

  • 500 - 20,000 Sq Ft
  • $60 per SF $2500 /month
  • Medical Office Space, Office Space
Details

Upper East Side, Plaza District

5 months ago

Lexington Ave, Grand Central Built and Furnished Office Space for Lease/Sublease 1,700 – 5,000 SF

  • Low price sublet
Lexington Ave, New York, NY 10017, USA

Lexington Ave, Grand Central Built and Furnished Office Space for Lease/Sublease 1,700 – 5,000 SF   Lexington Ave, Grand Central […]

  • 1700 - 5000 Sq Ft
  • Low price sublet
  • Office Space
Details

Grand Central, Lexington Ave

7 months ago
  • Upon request
250 W 54th St. 4

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • Upon request
250 W 54th St, New York, NY 10019, USA

250 W 54th St, Columbus Circle, NYC Class B Office space for lease.  Very affordable rent prices ! 7th floor […]

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Office Space, Medical Office Space
Details

Columbus Circle, Midtown Manhattan

7 months ago
  • $48 PSF $32,400 /month
Murray Hill, Fifth Ave, Built Office/Medical Space For Rent 8,100 SF

Murray Hill, Fifth Ave, Built Office/Medical Space For Rent 8,100 SF

  • $48 PSF $32,400 /month
5th Ave, New York, NY 10016, USA

Murray Hill, Fifth Ave, Built Office/Medical Space For Rent 8,100 SF   Murray Hill, Fifth Ave, Built Office/Medical Space For […]

  • 8100 Sq Ft
  • $48 PSF $32,400 /month
  • Medical Office Space, Office Space
Details

Murray Hill, 5th Avenue

8 months ago

Penn Station, NY, Class A Office space 5,000 -10,000 sq ft. for sublease

W 33rd St, New York, NY 10001, USA

Penn Station, NY, Class A Office space 5,000 -10,000 sq ft. for lease- sublease   High Floors 5,000 – 10,000 […]

  • 5000 - 10,000 Sq Ft
  • Office Space
Details

Hudson Square, Penn Station, Midtown Manhattan

8 months ago
  • Upon request
750 Lexington Ave NYC, Class A Office space for rent 2300-5000 SF in UES

750 Lexington Ave NYC, Class A Office space for rent 2300-5000 SF in UES

  • Upon request
750 Lexington Ave, New York, NY 10022, USA

750 Lexington Ave NYC, Class A Office space for rent 2300-5000 SF in UES   750 Lexington Ave NYC, Class […]

  • 2300 - 5000 Sq Ft
  • Upon request
  • Office Space
Details

Upper East Side, Lexington Ave, Midtown Manhattan

8 months ago

405 Lexington Ave Chrysler Building Class A Office for sublease, Grand Central Station

  • Upon request
405 Lexington Ave, New York, NY 10174, USA

405 Lexington Ave Chrysler Building Class A Office for sublease/lease, Grand Central  Station   High floors – 3,200 – 7,500 […]

  • 3200 - 7,500 Sq Ft
  • Upon request
  • Office Space
Details

Grand Central, Midtown Manhattan

8 months ago
Featured
  • low price sublease
One Penn Plaza NYC Class A Office space 5,000-10,000 Sq. Ft. for sublease

One Penn Plaza NYC Class A Office space 5,000-10,000 Sq. Ft. for sublease

  • low price sublease
250 W 34th St, New York, NY 10119, USA

One Penn Plaza NYC Class A Office space 5,000-10,000 Sq. Ft. for sublease   High Floor  – One Penn Plaza. […]

  • 5000 - 10,000 Sq Ft
  • low price sublease
  • Office Space
Details

Penn Station, Midtown Manhattan

8 months ago

How to Sublet Office Space in NYC

Sublet Office Space  –  People who are searching for the perfect New York City office space to lease must consider some issues such as ideal square space footage, location, and price budget. Findings office space for a new start-up, a Class A office space, or even an individual personal office space to sublet is a bit of a pain.  Worker satisfaction as well as performance are essential notes for future planning to sublet an office for company and also points you need to understand at the precise beginning of the office search. People commonly make significant mistakes, not considering some widely known suggestions for locating the perfect New York City Office space for sublet.

Sublet Office Space in NYC

Knowing these ten valuable tips will lead to subletting an office space with a substantial and long-term commitment.The space need. Size and footage. Calculate approximately how many square feet are needed regarding the price budget.Consider the loss factor for a real estate commercial office space. There is one factor that may collapse your business – the loss factor. There is a mathematical formula for calculating the loss element, but, generally, these two words are specified as the difference between the rentable region as well as usable location. How many square feet are needed per staff member in NYC?

In theory, the density is approximated about near 80-150 SF for a high density to 150-250 SF for reduced density per staff member per square foot. Location. The most critical factor in choosing the right office space is the location and always will be number one on the list. Consider the  employees need and determine which subway lines and commuter rails are near the neighborhoods. Compare prices for an office space for rent in different zones. Usually, most people expect the prices of an office sublet to rent below market prices. However, supply and demand still apply in every case.

Long-term or tomorrow goodbye? There are two general factors regional companies consider subletting New York City workplace. NYC office space.  Rate is the first reason, and also the other is terms. The lease terms are defined as a set duration when the lease contract is in force. Workplace listing should have a suitable office essential: great all-natural light; tenant-controlled A/C, equipped office; pre-built office space; fiber optical web; doorman building.

The worst office space must not have: Only one passenger elevator; old carpet; tiled ceilings; slow wired internet; fluorescent lighting; dark or rear windows; loud neighbors. Security, Building with a doorkeeper or security guard is an essential option and must-have for an ideal office space. This is an attractive way for future tenants.

When to start searching? Know your study very precisely and also when to start subletting an office space. Have a look at the location and also search for bike storage Know your future neighbors quite possibly and also look for a location with build vehicle parking and also bike storage. Driving in New York City is not so beautiful, but if you have occupants who drive to the office, make sure to look into the parking lot.

 

Sublet Office Space in NYC
Sublet

MANHATTAN OFFICE SPACE MARKET INFORMATION

  • INVENTORY SF 532 M,  Prior Period 531 M
  • UNDER CONSTRUCTION SF 6.5 M, Prior Period 7.1 M
  • VACANCY RATE 15.5%,  Prior Period 15,9% 
  • AVERAGE MARKET RENT/SF  $77, Prior Period $76.50
  • MARKET SALE PRICE/SF  $680, Prior Period $750 
  • MARKET CAP RATE  6.2%, Prior Period 5.8%

Availability

  • Vacant SF 82 M, Sublet SF 15 M
  • Availability Rate 15.5%, Available SF 84 M
  • Available average Asking Rent/SF $55
  • Occupancy Rate 85%, Percent Leased Rate 90%

Office Sales Past Year

  • Asking Price Per SF $635
  • Sale to Asking Price Differential -20%
  • Sales Volume $9 B
  • Properties Sold 195
  • Months to Sale 14
  • For Sale Listings 220
  • Total For Sale SF 5.1 M

Demand

  • 12 Months Net Absorp % of Inventory 0.5%
  • 12 Months Leased SF 41 M
  • Months on Market 15
  • Months to Lease 10
  • Months Vacant 10
  • 24 Months Lease Renewal Rate 47%
  • Population Growth 5 Years -6% 
nyc.manhattan2

866 Second Ave New York, NY 10017 – 2 Dag Hammarskjold Plaza – Class A Office/Medical space for rent, Near United Nations

  • $76 per SF
  • 6450 Sq Ft
  • $76 per SF
Featured

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • $60 per SF $2500 /month
  • 500 - 20,000 Sq Ft
  • $60 per SF $2500 /month
Featured

Lexington Ave, Grand Central Built and Furnished Office Space for Lease/Sublease 1,700 – 5,000 SF

  • Low price sublet
  • 1700 - 5000 Sq Ft
  • Low price sublet

30 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • Upon request
  • 1700 - 3500 Sq Ft
  • Upon request

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • Upon request
  • 1850 - 3000-10,000 Sq Ft
  • Upon request

Murray Hill, Fifth Ave, Built Office/Medical Space For Rent 8,100 SF

  • $48 PSF $32,400 /month
  • 8100 Sq Ft
  • $48 PSF $32,400 /month

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