Midtown Manhattan Sublease

544 W 27th St Space
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.
115 E 23rd St Unit 501 (Floor 5)
Kips Bay, New York City, NY
Leading the way in hospitality and luxury offices space, Bond Collective designs workspaces to empower individuals and companies to be themselves. Rather than fit you into a limited, traditional office environment, Bond 60 Broad features larger 15-50+ person suites customized around your needs: privacy with access to community, concierge service, views of the statue of liberty, sound booths, and designer furnishings, just to name a few. Focus on your dream, and we’ll handle the rest. About Bond Collective, Flatiron: Bond Collective’s first space in the Flatiron district (also known as Silicon Alley) serves as a hub for the surrounding community of creatives and innovators. Spanning three floors and more than 18,000 square feet, Bond Flatiron is home to tons of tech and media professionals and supports businesses of all sizes, from start-ups to established companies. Space Description: Light flooded, beautifully & fully built out creative open space. Features private conference room /private office and 2 enclosed phone booths. Current open space layout is good for 20 people. Everything included, fully furnished, plug & play space. Arrange to meet your needs! Will divide into smaller spaces as needed. Price Negotiable on 6 month to 3 year terms. Handsome broker fee. Property/Location Description: *Attended lobby. *Building lobby has been fully renovated along with the elevator cabs and mechanicals. *Convenient to subways, Silicon Alley and the Flatiron District.

Midtown Manhattan

Office Space Market Report

Number of Listings (last 90 days)
2,356
Median Rate ($/sqft/yr)
$73
Median Size (sqft)
3,000
As of: May 21, 2017

Midtown Manhattan Rates

Most listings are in the $70's per square foot per year. The Midtown Manhattan region is going through a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 4% increase in rent.

Compared to the rest of the New York City market, the Midtown Manhattan region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Midtown Manhattan Listing Supply

In the last 90 days, 2356 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available leases in the Midtown Manhattan are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 12 floors. Most buildings in this area were built in 1920 and are Class A.

Midtown Manhattan Community

This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Midtown Manhattan folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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