Saturday June 15, 2024

Types of Office Space

Conventional Lease
The tenant rents commercial real estate from the landlord based on a written lease agreement. The tenant has complete access to the leased office space.

Conventional lease agreements commonly apply to:

  • Commercial office spaces larger than 1,000 square feet.
  • Lease agreements at least three years long.
  • Offices with a staff of at least four individuals.

Your New York Offices commercial broker will work directly with you to determine your organization’s every need and locate the perfect commercial real estate for you.

Sublet Agreement
A sublet or sublease agreement is between the current tenant of an office space and a new tenant who occupies part or all of the original tenant’s office space and assumes responsibility for all or part of rent payments.

Shared Office Space
Sharing an office space has many conveniences, especially for a smaller organization.

Benefits of shared space:

  • You may rent an unused portion of an office from a tenant with a conventional lease, so you pay for only the space you need.
  • You may rent a single office or a group of offices.
  • Many professions commonly share office space, especially the legal and accounting professions.

New York Offices offers a matching service connecting organizations with available space to professionals in search of shared office space. Executive Suites
Executive suites are high quality, commercial office spaces that are professionally administered. Professionals pay higher rents for executive suites, reflecting the higher level of service. The management company will usually provide a reception area, a copy center, administrative assistants, a mail room and more.

Executive Suites are ideally suited to:

  • New, smaller organizations with up to 20 employees.
  • Small space requirements -usually up to 1,500 square feet.
  • Shorter lease terms -usually up to 18 months.

Class A Commercial Office Space
Class A commercial real estate represents the highest quality office space in New York, the best of the best. Class A office buildings are located in the most in demand neighborhoods, feature countless amenities and are technologically superior. They are the most prestigious, attractive and architecturally notable of all office buildings, certain to boost any organization’s public image.

Class B Commercial Office Space
In Manhattan, a Class B designation is usually given to recently renovated buildings built before World War II. A Class B commercial office space might be located a conventional office building or a re-purposed, technologically updated loft. A Class B office building will usually have less desirable location and a lower level of services and amenities than a Class A building, but will still be attractive and more than sufficient for many organizations’ needs/.

Class C Office Space
Class C buildings offer the lowest priced office space on the market and offer the least amount of amenities. They tend to be older, non-renovated buildings located away from central districts. In Manhattan, Class C offices tend to be open loft spaces with large windows and very high ceilings.

Class C buildings offer a minimum of services and built in technology, but they remain very desirable for many professionals and organizations. Many of today’s most innovative new companies are choosing Class C office space.

Medical Office Space
A Medical Office Space is defined as a commercial property used for medical care, including inpatient, outpatient, dental or mental health services. A medical office space should be zoned appropriately and offer enough space and infrastructure to support all aspects of a medical practice. A medical office typically includes features like laboratories, equipment rooms, waiting rooms, auditoria, kitchens and examination rooms many of which require sophisticated retrofitting and renovation of a commercial office space.

Locating, securing and outfitting a New York medical office space can be very difficult. Medical offices are located throughout Manhattan, but zoning restrictions limit the development of new medical spaces to certain areas and buildings. Our medical office experts have a comprehensive understanding of New York City’s medical real estate market. We understand the major challenges – finding a ground floor space with a central location, hashing out liability issues, planning large construction projects, etc. We will guide you past every obstacle, ensuring you lease office space that meets your practice’s every need while staying within budget.

Law Office Space
New York law office buildings are located in every neighborhood from 60th Street to the southern tip of the island. The Manhattan legal community is extraordinarily diverse. Accordingly, New York law office spaces vary widely to serve all segments of the market. The perfect office space for any law firm is as attractive, well-located, affordable and functional. Of course, first impressions are critical in the legal profession and many firms chose to purchase or rent office space in high-demand, prestigious buildings with many amenities.

Our commercial brokers are very well-versed in the needs of law firms, with a long history of placing legal clients in the best office buildings in New York City.

We understand that cherry paneled upper-floor offices are not for every law firm. Many smaller legal practices are best-suited to a Class B or C office space. Your commercial broker has an understanding of the complete market for New York legal office space, and will work closely with you to meet your law practice’s every need. Our most important goal is to place every client in the best possible commercial office space on time and within budget.

New York City showrooms host many of the retail industry’s most important functions and play a vital role in the world economy. Classic showrooms are large, open upper floor loft spaces in specially zoned buildings where wholesalers display clothing, furniture, jewelry and many other fashion or lifestyle related items.

Midtown Manhattan’s Garment District, the area between 5th and 7th Avenues from 38th St. to 41st St. is the historic home to many showroom buildings, but showrooms are also found in fashion-centric downtown neighborhoods like SoHo and Chelsea and in high end buildings near 57th St. and 5th Ave.

We enjoy a long track record of successfully placing clients in many of New York’ City’s most prestigious showrooms. We offer a sophisticated understanding of the dynamic market for showroom property and will ably guide you toward the best space for your company.

Our commercial brokers have helped clients secure space in Manhattan’s most central and recognizable showroom buildings and neighborhoods, including the Decoration and Design Building at 222 E. 59th St., the Architects and Designers Building at 150 E 58th St., the Home and Furnishing Market in the 26th St. and 5th Ave. area, and countless showrooms in SoHo, Chelsea and the Garment District.