Finding cheap office space in NYC is next to impossible. But it is rather surprising to find a couple of Manhattan neighborhoods offering reasonably priced office and attic space. If you can be flexible in regard to neighborhoods and buildings, you can significantly limit your real estate expenditure on rent.
Asking rents for Class A buildings for Downtown Manhattan are quite reasonable. They are also similar to those buildings situated in the neighborhoods of the Grand Central Station and Plaza District. Lower Manhattan actually offers compelling value when savings from different real estate incentive programs are taken into consideration.
Good deal rents in Manhattan Class C Buildings
Those business renters who do not need space in Class A buildings can effectively limit their commercial rent expenditures by leasing space in either Class B or Class C buildings. There are some amenities offered in Class A which may not be needed by several business tenants. For instance, there are a number of amenities whose cost is passed on to tenants in the form of higher rent. These include a round the clock attended lobby, ADA compliant bathrooms, and the high-tech fire alarm systems. As such, tenants who feel comfortable in Class C buildings without any frills can make considerable savings.
Make savings on commercial rent
Below market subleases of office and attic space can offer the Manhattan business tenants a chance to obtain affordable office space in NYC. Even though sublets can offer cheap rents, it is important for prospective sub-tenants to take note of the fact that sublets are usually delivered in “as is” condition. This means that the new sub-tenant will bear the responsibility of hiring contractors for making any necessary enhancements to the space.
At office space Manhattan, we have access to each commercial listing in Manhattan and this puts us in a good position to locate cheap office space in Manhattan for you, whether you are looking for a Class A, Class B building, or a below market sublease.
Manhattan’s record of office space amounts to almost 400 million square feet and it is only a knowledgeable broker that can help you find affordable office space Manhattan. This is due to the fact that Manhattan’s commercial real estate market is both huge and complex. Manhattan has thousands of buildings in 29 neighborhoods. It is thus advantageous for you to be represented by a real estate broker.
Obviously, an expert broker or agent will tell which buildings and landlords offer the best value for prospective tenants. Besides, a proficient broker will see to it that you view the top listings and opportunities.
We have our finger on the Manhattan’s commercial real estate heartbeat
We are always aware of any changes in market conditions. We are able to do so by observing the supply, demand trends, asking rents, and vacancy rates in their early phases. We have acquired these skills from several years of experience in the Manhattan commercial real estate market. Over the years, we have successfully executed property searches in their thousands as well as negotiated numerous leases. We do not only know the buildings; we also know the landlords, the property managers and leasing brokers. We dedicate a good part of our time in keeping abreast of fresh listings, subleases, below market opportunities and we ensure that we share this information with our clients. It is our expertise that sets us apart.