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How to Sublet Office Space in NYC

Featured
  • $70 per SF
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

  • $70 per SF
30 E 60th St, New York, NY 10022, USA

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft
$65-75 psf Office or Medical space for lease 800 -1500 – 2500 – 4500-7800 10,000 sf plus

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

  • 300 - 20,000 Sq Ft
  • $70 per SF
  • Medical Office Space, Office Space
Details

Plaza District, Upper East Side

4 months ago

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • Negotiable
14 E 55th St, New York, NY 10022, USA

14 E 55th Street, Plaza District, NY  Medical office space for lease  4th floor 2,000 sf, 5th floor 2,000sf  floor, Lease […]

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space
Details

Plaza District

4 months ago
  • Upon request
18 W 33rd St, New York, NY 10001, Office Medical space for lease 1400-2800 square feet

18 W 33rd St, Herald Square, NY Office Medical space for lease 1400-2800 square feet

  • Upon request
18 W 33rd St, New York, NY 10001, USA

18 W 33rd St, Herald Square, NY, 10001 Office, Medical for rent  1400 sf – 2800 square feet      […]

  • 2800 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Herald Square, Midtown South

4 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
  • Medical Office Space, Office Space
Details

Columbus Circle, Midtown Manhattan

4 months ago
  • Upon request
635 Madison Ave NY, NY Medical office space for lease UES

635 Madison Ave NY, NY Medical office space for lease UES 2500-5000 sf

  • Upon request
635 Madison Ave, New York, NY 10022, USA

635 Madison Ave NY, NY 10022  Medical office space for lease UES 2500-5000 sf 2500-5000 sf  plus,   3-10 years lease […]

  • Baths: 3
  • 2500 - 5000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Madison Avenue, Plaza District, Upper East Side

4 months ago
Featured
  • Upon request
Chelsea West 25th Street NY NY Class A Office space for lease

Chelsea West 25th Street NY NY Class A Office space for lease

  • Upon request
W 25th St, New York, NY, USA

Chelsea West 25th Street NY NY Class A Office space for lease    Office space for Lease: Entire 12th Floor: […]

  • 4000 Sq Ft
  • Upon request
  • Gallery Space, Office Space
Details

Chelsea

4 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. Employee satisfaction and productivity are important notes for future planning to sublet an office space for business and things you have to know at the exact beginning of the office search. People often make significant mistakes, not considering some well-known tips for finding the perfect NYC 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.

1. The space need. Size and footage. Calculate approximately how many square feet are needed regarding the price budget.
2. 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 LF, but, in general, these two words are defined as the difference between the rentable region and usable area.
3. How many square feet are needed per employee in NYC? In theory, the density is estimated roughly near 80-150 SF for a high density to 150-250 SF for low           density per employee per square foot.

4. Location. Location. 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        employee’s need and determine which subway lines and commuter rails are near the neighborhoods.
5. 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.

6. Long-term or tomorrow goodbye? There are two general reasons local firms consider subleasing NYC office space. Price is the first reason, and the other is             terms. The lease terms are defined as a fixed period when the lease agreement is in force.
7. Office space listing must and must not have. An ideal office space must-have: good natural light; tenant-controlled AC, furnished office space; pre-built office        space; fiber optical internet; 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.

8. 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.
9. When to start searching?  Know your research very precisely and when to start subletting an office space.
10. Check out the area and look for bike storage Know your future neighbors very well and search for a place with build parking and bike storage. Driving in New         York City is not so lovely, but if you have tenants who drive to the office, be sure to research the parking area.

Sublet Office Space in NYC
Sublet

MANHATTAN OFFICE SPACE MARKET INFORMATION

INVENTORY SF 376 M +1.0% Prior Period 373 M
UNDER CONSTRUCTION SF10.2 M -10.3%Prior Period 11.4 M
VACANCY RATE11.7% +1.0%Prior Period 10.7%
AVERAGE MARKET RENT/SF$76.15 +1.2%Prior Period $75.25
MARKET SALE PRICE/SF$904 +2.9%Prior Period $878
MARKET CAP RATE4.3% Prior Period 4.3%

Availability
Vacant SF 40.7 M Sublet SF 11.8 M
Availability Rate 18.3% Available SF 65.8 M
Available average Asking Rent/SF $60.04
Occupancy Rate 88.3% Percent Leased Rate 91.5%
Office Sales Past Year
Asking Price Per SF $701
Sale to Asking Price Differential -1.4%
Sales Volume $7.5 B
Properties Sold 104
Months to Sale 11.0
For Sale Listings 142
Total For Sale SF 1.3 M

Demand
12 Months Net Absorp % of Inventory -0.1%
12 Months Leased SF 32 M
Months on Market 8.2
Months to Lease 12.1
Months Vacant 11.0
24 Months Lease Renewal Rate 35.1%
Population Growth 5 Years 3.0%

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

  • 300 - 20,000 Sq Ft
  • $70 per SF
  • Medical Office Space, Office Space
Featured

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

  • 1700 - 3500 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

18 W 33rd St, Herald Square, NY Office Medical space for lease 1400-2800 square feet

  • 2800 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

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

  • 1560 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

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

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

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space

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