The Top 2-3,000 RSF LUXE Office Spaces in NYC
SPACES COMMERCIAL REAL ESTATE
Say you’re an investment manager starting a new fund and looking for office space. You’d think that the world is your oyster and you’d have landlords lining up with office space to lease. After all, you’ve been reading about the bloodbath in commercial real estate- landlords giving the keys back to lenders, massive vacancy rates, the impending credit crises for commercial loans. But this isn’t how things are playing out in the streets. Strangely, when you look at the availability for 2-3,000 RSF spaces in Class A and Trophy office assets in NYC you’ll find VERY few quality options. This is the reason why you’ll also find that rents haven’t dropped off a cliff.
If you’re a hedge fund in the market for 2-3,000 RSF, then these are the few spaces that rise to the top of the short list of available Class A and Trophy office buildings in NYC:
|106 West 56th Street|
|445 Park Avenue|
|7 Bryant Park|
|1 World Trade Center|
|350 Fifth Avenue|
|1 Penn Plaza|
|885 Third Avenue|
|540 Madison Avenue|
|780 Third Avenue|
|510 Madison Avenue|
106 West 56th Street “The Six” is a recently constructed high end boutique building that was built with small hedge funds, family offices, and other investment firms in mind. The building consists solely of full floor tenants offering complete privacy and control to tenants. The 20th floor is a new furnished prebuilt with a bright and airy “no expenses spared” build out featuring the best soundproof glass systems, exotic hardwoods, and stone surfaces. The floor also enjoys views of Central Park.
|Building:||106 West 56th Street|
|Premises:||Entire 20th Floor- 2,483 RSF|
|Offices :||1 Executive, 1 standard|
Situated in the heart of the Village between 11th and 12th Streets is “NYC’s coolest office building”. What makes this building unique is the small floorplates offering smaller tenants efficiency and privacy and control over their floor. What sets this space apart from other sub 3,000 RSF spaces is the private terrace and direct access to the building amenity terrace. Besides for that, ownership will build to suit with the building standard modern contemporary/ industrial aesthetic with glass fronted offices, mixed with floating slat wood ceilings, and concrete floors.
|Premises:||E 2nd Floor- 3,190 RSF|
|Building:||445 Park Avenue|
|Premises:||P10th Floor- 2,280 RSF|
|Term:||Through May 2026|
|Building:||7 Bryant Park|
|Premises:||P15th Floor- 2,895 RSF|
There are very few buildings Downtown, Midtown, or any town that match the quality and notoriety of 1 World Trade Center. It’s almost in a class of its own. This short term fully furnished sublease won’t disappoint with amazing views and natural light along with new high end sit/ stand desks. No wonder that its been snagged after only 2 weeks on the market.
|Building:||1 World Trade Center|
|Premises:||P84th Floor- 2,747|
350 Fifth Avenue- Empire State Building
The Empire State Building is immediately recognizable and an icon around the world. Along with the cache of being in such an iconic building, this short term sublease offers beautiful views and natural light, use of one of the most comprehensive amenity centers in NYC, and a very efficient use of office space. Built with 5 offices, a conference room, and an open area for 5-7 desks this short term sublease could be a great starter space, swing space, or short term band aid.
|Building:||350 Fifth Avenue|
|Premises:||P47th Floor- 2,776 RSF|
|Building:||1 Penn Plaza|
|Premises:||P27th Floor- 2,984 RSF|
|Conference Rooms:|| 1 Four Person|
1 Ten Person
|Building:||885 Third Avenue|
|Premises:||P24- 2,716 RSF|
|Term:||5 – 10 Years|
Nothing screams “this is an amazing space” but what stands out is that it’s a very efficient space in a premier Class A building. The space is furnished and fully wired. The building features a newly renovated amenity center which includes a lounge area, outdoor terrace, showers, and conferencing space.
|Building:||540 Madison Avenue|
|Premises:||P29th Floor- 2,723 RSF|
Another building that could be on the list of buildings with the best amenity centers is 780 Third Avenue. The building offers tenants access to a beautiful contemporary amenity center that includes a lounge area, restaurant, coffee bar, conference facilities, and wellness center/ gym. The space is a new prebuilt customized with high exposed ceilings, a mix of polished concrete and carpet floors, a mix of hardwood and glass office fronts, and high end pantry.
|Building:||780 Third Avenue|
|Premises:||P25th Floor- 2,131 RSF|
|Building:||510 Madison Avenue|
|Premises:||P22nd Floor- 3,217 RSF|