Sublease in Manhattan

544 W 27th St Listing
Chelsea, New York City, NY
- Space is gorgeous - Dedicated conference room - Dedicated private office - Updated electrical and data installed - Conference room wired and ready for flat screen TV, Apple TV, and HDMI connections - Shared large modern kitchen - Flexible lease terms - Office could be one space, or divided into co work - Lease term may be extended to two years - Call for pricing - Currently accommodating 25 desks - Utilities and amenities extra - Term negotiable (1 - 3 years) The sqft rate is based on designer made, perfectly plug and play ready, turn key occupancy (no need to invest cash or time to build space out)! Beautifully designed and freshly renovated loft space available as a shared sublet. Located on one of the hippest streets in Chelsea at 544 West 27th Street (between 10th and 11th Ave), at the center of the Chelsea gallery district, our space is just steps away from the High Line, art galleries, Hudson Yards, fashion boutiques, chic restaurants and the Hudson River. Continuous windows on three sides flood the space with natural light. Save time and cash flow on renovating a space. This space is gorgeous and move-in ready. You must see it to appreciate it. This classic—and increasingly rare—Chelsea loft building features a newly renovated design with a beautiful original wood ceiling, and new hardwood floors. Appointed with flexible 21st century workstations and considered amenities such as a variety of meeting areas and hang-out zone, frosted sliding doors for privacy, two private bathrooms, and a spacious modern kitchen for impromptu gathering, brainstorming, and, of course, eating. The space is currently occupied by Tribeca Shortlist (http://tribecashortlist.com/) —a start-up joint venture betweenLionsgate (http://lionsgate.com/) and Tribeca Film Festival (http://tribecafilm.com/) —whose lease ends in August.

Manhattan

Office Space Market Report

Number of Listings (last 90 days)
2,177
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
3,430
As of: December 9, 2016

Manhattan Office & Commercial Space

In comparison to the other five boroughs, Manhattan ranks as the most densely populated, bound by the following rivers: East, Hudson, and Harlem. This area is accustomed to hosting influxes of migrants moving to the city for economic prosperity. The city is often referred to as the cultural and economic center of the United States with the second labeling especially fitting since it harbors Wall Street which stands as one of the financial capitals of the world.

A gross domestic product of over $1.2 trillion and home to the New York Stock Exchange and NASDAQ, it is no coincidence to see business moguls flock to the area. It would be a remission not to mention the pricey nature of the city, with arguably some of the most expensive real estate and commercial properties in the world.

Available office spaces for rent are abundant in Manhattan, placed conveniently in the borough from Broadway, to 44th Street, to Mulberry Street. Prices begin from $28 per square foot to $65 per square foot with square footage for each ranging from 900 to 29,000.

Manhattan at a Glance

Before the land became Manhattan it was largely inhabited by a significant Lenape population. However, the area wasn’t officially logged and mapped until 1609 following the discoveries made during the voyage of Henry Hudson survived in part by the Hudson River. Though it was officially recognized as a legal territory in the early 17th century, it didn’t really emerge as an economic center until Alexander Hamilton implemented his policies as the first Secretary of the Treasury and the Erie Canal opened in 1825. As a result of these establishments Manhattan became immediately connected to the lucrative agriculture markets of the Midwest and Canada.

Manhattan is more than just a densely populated, financial center; it is idolized by neighboring cities for its incredible restaurant and bar scenes, landmarks and events. Featured restaurants in the city include The Nomad, ABC Kitchen, and Eleven Madison Park with popular bars including the Comedy Cellar, KGB Bar, and the unique Attaboy. After substantial meals locals and tourists check out The High Line on Washington Street or the Chrysler Building on Lexington Avenue. Even with the aforementioned amenities experienced, people still find the energy to attend events like Trend-ology, a chronological display exhibited at The Museum at FIT.

Public transportation is serviced by MTA Subway system.

Manhattan Real Estate

Despite all the commotion during 2013 like the spurt of all-cash buyers or the spike in prices, the market on a citywide basis remained relatively constant. The median price for a home surprisingly only shifted up 2% placing it at $475,000, with the same effects reflected in Brooklyn. Real estate in Manhattan has been prone to be on the higher end of the scale because of the city’s desirability, but the fact the median price for a home essentially remained consistent should provide current and future tenants with a strong sense of hope and security.

Learn More About Manhattan

Market Report

Trends and status of the commercial real estate market in Manhattan.
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Market Data

Real time and historical data on commercial real estate listings in Manhattan.
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