Brand new to the market is a rare partial floor at the legendary 1 Vanderbilt- the building that tops our list of Trophy buildings in NYC. The space is part of 1 Vanderbilt’s Altus Suites offering fully furnished and wired turn key office space. These suites are reserved for professionals who want the best office space New York City has to offer and these spaces will not disappoint.

There are many reasons for a hedge fund or family office to want to exit their office lease including, needing more or less space, upgrading to a higher end or more functional space, looking to reduce costs by moving to a less expensive building, or moving to another market.

Office leases are contracts that provide tenants with use of space for a period of time for a fee (rent). Office leases are usually inflexible, slanted in favor of landlord, and have very defined terms for lease termination. Most fund managers looking to exit their office lease will typically jump to subleasing the space as it’s the most common method to trade out of a space.