Limited Availability for New York City Medical Space

The dynamics of the New York City real estate market provides for an ever-changing landscape. At the retail level, all-time delis and coffee shops have become obsolete as trendy soup and salad bars and upscale bistros and restaurants are ushered in.  The traditional Manhattan office space once dominated by accounting, legal and management firms have been grudgingly giving way to the new era of technology start-ups and creative marketing companies, whose dominance in the hot Chelsea and Flatiron districts have been clearly felt. And what about the New York City medical office space market? Does the word dinosaur come to mind? Manhattan has never really been known for having an abundance of buildings dedicated to medical practices. For many years, medical… Continue reading

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Office space installations are generally provided by landlords

Getting the Build Out You Want When you rent a new location for your existing business or start-up, getting your space built out exactly as you want it is key. If you are an accounting firm that needs 8 offices and a conference room, you will not feel comfortable in an open plan. If you are a technology start-up looking to create a collaborative work environment with an open layout, you are not be happy in an office intensive space. The good news is that landlords will often modify a space so it meets a new tenant’s architectural specifications. They will hire a general contractor, manage construction and, to varying degrees, pay for build out costs. So, as a tenant,… Continue reading

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Posted in Commercial Leasing 101Manhattan Office SpaceNYC office spaceUncategorizedUnderstanding Commercial Lease Language.

Good for you!  You’ve found an ideal office space in New York City.  You like it but can you really afford it?  Of course you are wondering. But do you know that, on the other side, the landlord is probably thinking the same thing?  He knows you are considering submitting an offer to lease the space but he wonders if you can pay the rent on time and over the long haul.  ASSESSING THE CREDIT WORTHINESS OF AN NYC BUSINESS TENANT Landlords are conservative business people and don’t like taking chances unless they’re convinced that they’ll receive timely rent payments throughout the term of a lease.  So, if you see a space that works for you, you still have a… Continue reading

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Posted in Commercial Leasing 101UncategorizedUnderstanding Commercial Lease Language.

The new fashion on Seventh Avenue has nothing to do with hem lengths or next year’s colors. Surprisingly, Fashion Avenue, also known as the Garment Center, is the new hot spot for affordable office space with all the amenities and style one could ask for at down-to-earth prices. Case in point, the structural engineering firm Rosenwasser/ Grossman Consulting Engineers P.C. (RGCE), has just signed a 7-year lease for 6,000 sq. ft. of new executive offices at 485 Seventh Avenue, said Alan Rosinsky, of Metro Manhattan Office Space, Inc. (www.nyc-officespace-leader.com; 212- 447-5403).  This 60-year old highly rated engineering firm that designs reinforced concrete towers in New York City, will be moving to their new Garment Center home by late December after… Continue reading

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