Sunday September 26, 2021

Commercial Space for Rent NYC

New York City, NY Commercial Space for Rent NYC; Office Listings in Manhattan

Finding commercial space in NYC comes down to a few logical questions.

Space

  1. How much space does your company require in its day to day processes. This question of available room can be factored by number of employees, type of business, work area furniture / decor, and its professional requirements (such as those of specialist trades and or equipment). Additionally the amount of personal space each employee is allotted is paramount towards figuring out the whole. Today’s average office density is valued at 250 square feet per employee; which then factors in with your company’s staff headcount.

Location

  1. Worksite with readily accessible transit; this can be a driving factor for many with a need today for hassle-free transportation to their office space’s destination. Things to considered are; local transportation access and those conduits in and out of the neighborhood location (Subway, PATH, LIRR, Ferry, Highways, Roads, Etc.). The issue of whether to take an office space on a Main street (such as, Park Avenue, Fifth Avenue, Madison Avenue, Lexington + 42nd Street, 34th Street, 59th Street) verses a side street (examples include; 20th Street, 36th Street, or any other numbered street that runs East to West across the borough of Manhattan) can be a factor when determining your new office site. Other driving factors today include; talent pools (demographic locations either by design or by access to a educated / skilled workforce), infrastructure (data, power, roads, rail, accessibility)

Cost

  1. Factoring the price; the question of how much is the cost of a commercial space in New York is chiefly associated with the high demand for office space in Manhattan. Today commercial rent prices range from $30.00 upwards of $90.00 per square foot; depending on the construction, location, and length of term on the lease on a given space. Other considerations to factor in are whether the space is a traditional office (single occupant unit), or a portion of a sublet space (shared space), further whether the space takes up a whole floor plate or just a portion of a floor.

Other considerations towards overall cost can also be factored by its location – with NYC being bound by a grid avenues and streets; with side streets offering a cost advantage over the pricier main thoroughfares and boulevards occupied by highness and towers.

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