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Entries Tagged as 'New York Office Space'

NAR Predicting Improvement in Office Space Market & Increasing Rents

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The NAR quarterly forecast reports that all commercial real estate sectors are on the upswing. Their predictions include that the US office space vacancy will decline by 0.4% to 16% by the 1st quarter 2013. According to the report, office rents are expected to rise by 1.9 percent this year and 2.4 percent in 2013, with net absorption predicted to hit 20.1 million in 2012 and 28.1 million next year. More...

Washington, DC, currently has the lowest office space vacancy rate at 9.5%, with New York City in second place at 10% and, surprisingly, New Orleans at 12.4%. More Office Space Market Information.

What this means to office tenants is that now is the time to lock in long term rental rates to ensure you benefit from the bottom of the market. The best way to do so is by engaging the services of an office tenant representative who can show you how to take advantage of the current low office rental rates. There is no cost to tenants to obtain the services of a tenant rep, so there is no reason not to investigate what they can do for you. It is a no lose proposition.

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Lease Negotiations , Manhattan Office Space , New York Office Space , Office Rental , Office Space Negotiations , Office Vacancy Rate , Tenant Representation , Washington DC Office Space

One World Trade Center Lands Anchor Tenant

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One World Trade Center is up to 80 floors and growing by one floor per week - Final height 102 stories

Condé Nast Publications, whose stable of magazines chronicles the American zeitgeist as meticulously as any anthropologist, has reached an agreement to lease one million square feet of the 2.6 million square feet at One World Trade Center, giving ground zero a much-needed corporate anchor with a proven ability to attract other businesses. More at NY Times

Feds' space at One World Trade cut in half. Big U.S. agency to take just 300,000 square feet, as Port Authority of New York & New Jersey bets it can land higher-paying tenants; huge New York state lease out. Motre at Crain's NY Business

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Manhattan Office Space , New York Office Space

World Trade Center Update - Memorial Ready for 10th Anniversary

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The World Trade Center Memorial Plaza is ready for the 10th Anniversary of the Tragedy. A Must See Video!


Check out the WTC Progress channel on YouTube




Manhattan Office Space , New York Office Space , Video

New York Office Space Market Overview

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New York office space can allow you to open operations in one of the prime markets in America. Whether you already have a business and are seeking to lease a larger office or are expanding into the New York City area, you’ll find this is truly the “city that never sleeps”.

New York City is comprised of the five boroughs. Manhattan is one of these but there’s also Queens, Brooklyn, the Bronx, and Staten Island. Together, these make up the Greater New York City Metro area. Manhattan is often thought of as the heart of the city and houses the financial district.

New York offers the widest variety of cultures and potential markets of any U.S. location. There is a need for services and products of every possible type in this huge metro area.

Reports from early 2011 show that the Manhattan office market is sound and up slightly from last year. There is still plenty of available office space for lease, comprised of every possible office type from serviced suites to traditional storefronts. Rent remains stable but with vacancy rates, there may be a little room for negotiation.

South Manhattan’s leasing in the final portion of 2010 outshined any period in the last five years and this trend has continued into early 2011. This portion of the central market offers over 65 million square feet of space and 12.5 million are available for rent at most any given time. Rent is averaging in the low $40 per square foot range, slightly up from last year.

The outer boroughs are just as healthy but prices are lower. There’s always a premium involved with leasing office space in the center of Manhattan, so if your service lends itself well, you might consider locating in the boroughs.

New York is a dream place to live. There’s always plenty to do and see.  There are communities of every culture from around the world and you’ll find great educational opportunities for your children. While traffic congestion can be frustrating, New York has the best mass transit system available and taxis are affordable.

Housing in Manhattan is hard to find and very costly but there are tons of housing options in the boroughs from traditional homes to studios. Whatever type of housing you love, you can find it in the New York area. Older properties that have been restored have a special charm but ultra-modern housing is also readily available.

Overall, New York office space for lease can give your employees a great place to work and a unique area in which to live. Raising a family in the NYC area lets a parent offer much more than most areas. You’ll join the millions that already say they love New York.  You can find help locating the right New York office space for rent by contacting OfficeFinder, a free service to help you in your office location process.

Manhattan / New York Office Market Iformaion

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Manhattan Office Space , New York Office Space

Reports: Office Rental Rates to Rise This Year

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According to two reports, one by Cushman & Wakefield and the other by Marcus & Millichap, office space rental rates will begin to rise again by the end of 2011 or early  2012. The increase in office rental rates will not be across the board, but uneven throughout the country. Markets that will see the biggest increases in office rental rates are expected to be Washington DC, San Francisco and Midtown Manhattan. The reason; improving employment and limited new construction. According to Marcus & Millichap less than 20 million square feet of new supply is scheduled to come on line throughout the US in 2011. More confirmation that the bottom of the market is here.  For tenants wanting to make sure they can take advantage of the low office rental rates, now is the time to either renew, renegotiate of relocate to get the best possible office rental rates. Contact us if you would like the assitance of a top local tenant rep. We'd be happy to help!

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Manhattan Office Space , New York Office Space , Office Rental , Office Space , Office Space Negotiations , Office Vacancy Rate , San Francisco Office Space , Washington DC Office Space