Running With The Big Dogs: Top Five Office Listings In Financial District
NYC’s Financial District has had it rough. The 9/11 attacks turned the area into a ghost town of tragic nostalgia, and then came Hurricane Sandy, with its devastating economic impact on local businesses. The good news is, as we at Agorafy reported earlier, the Financial District seems to have made a full recovery. What’s even better is that while this neighborhood is thriving, prices for commercial real estate there are still (relatively) affordable. You be the judge: while vacant office spaces in the adjacent Soho and Tribeca have a median asking rent of $75 and $83 per square foot respectively, the Financial District asks a moderate $57 per square foot. All the more reasons to consider the Financial District if you’re on the market for an office space.
So, we scoured the available office spaces listed on Agorafy and came up with the Top Five Office Listings in the Financial District.
Perfect for: Start-ups in early stages / Size: 200 sq. ft.
Monthly Asking Rent: $4,728
Brokers describe this space as “perfect for up to 6 people.” Here’s the deal: you worry about paying the rent and raising that seed capital. The landlord will take care of everything else: Phone, internet, electricity and even monthly cleaning fees are all included.
The space also has an access to shared meeting rooms/facilities and amenities. This kind of co-working thing is like networking and investment hunting opportunities are included in the rent.
Perfect for: A small company with under 50 employees / Size: 965 sq. ft. Monthly Asking Rent: $4000
The great thing about this space is its location. It’s literally seconds walk from almost every subway line. If you want your employees to get to work on time, then make sure their commute isn’t a pain, you know?
Perfect for: A mid-sized growing company / Size: 2000 sq. ft. Monthly Asking Rent: $4833
This space is big enough to host a rapidly growing company and is still cheap: the price per sq. ft. is only $29 (as compared to the median $57). What’s more, it’s actually combinable with the adjacent floors—the listing description boasts 14,000 sq. ft. Which means you can expand all you want without having to change the company’s physical address: There is enough room for growth—literally.
Perfect for: A mid-sized growing company that pretty much made it / Size: 3004 sq. ft.
Monthly Asking Rent $10,013
The asking rent is a bit higher for this one ($40 per sq.ft.) but hey, it’s a totally different level. And by levels, we mean the 22nd Floor, with the generous sunlight and breathtaking views. You are running with the big dogs now. Congrats.
Perfect for: A huge corporation with gazillions of departments that hardly know each other. / Size: 9800 sq. ft.
Monthly Asking Rent: $28583
With all these employees, departments and constant internal meetings, you need lots of space. Even a small difference in the asking rent per square foot really matters here, so we at Agorafy found one of the cheapest options for you. This space is 9800 and costs $35 per sq. ft.—way below the $57 median in the neighborhood.
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