Top Five Office Spaces For Rent In Outer Boroughs
If you are currently on the market for a new office space, it might be worth looking into the outer boroughs’ market.
Recently, office leasing in the Big Apple has been transformed by a slew of new trends. Manhattan office skyscrapers are getting makeovers, tech companies are moving to former Brooklyn warehouses—and don’t even mention the revolutionary one-of-a-kind Hudson Yards project.
While here at Agorafy we are constantly reporting on all these trends as they emerge, we do realize that not every company is actually interested in glassy, glossy office towers. Most of the mid-size companies are too concerned with operating business and forecasting budgets to even consider trading their old school cubicles for work-of-art brick-walled headquarters.
If you are all about practicality (and currently on the market for a new office space,) here’s an idea—look into the outer boroughs’ market. The first reason—lower rents—is kind of obvious. But benefits don’t end here. Perhaps, you have already heard of NYC’s Commercial Expansion Program (CEP). The city offers up to $2.50 per square foot in tax abatement for those companies that rent office space in Brooklyn, Queens, the Bronx, Staten Island or even in Manhattan—as long as you keep to the north of 96th Street.
Of course, if you decide to go down that road, you will have to forget about trendy development projects like Williamsburg’s 25 Kent Street. The program requires that the premises are built before 1999—you can check this and all the other eligibility conditions here.
We browsed through the available office spaces in outer boroughs and picked the ones that work best for a mid-size company.
Bronx / 488 East 164th Street
6,006 square feet | $25,000 per month
Queens / 153-17 Jamaica Avenue
3,200 square feet | $6,500 per month
Queens / 51-02 21st Street
2,300 square feet | $5,750 per month
Brooklyn / 1783 Stillwell Avenue
4,000 square feet | $6,500 per month
Brooklyn / 309 Grand Avenue
3,700 square feet | $10,500 per month
AGORAFYDo you know how the so-called “affordable” real estate in New York is getting less affordable by the day whereas the city’s luxury market is softening? #luxury #condo https://goo.gl/Avx5AS
AGORAFYOne of the most iconic buildings in Boston has officially been sold and hopefully, the iconic station will be upgraded. #Boston #SouthStation https://goo.gl/rzWxXS
AGORAFYThis week, three of the apartments in the starchitect-designed West Chelsea condo have hit the rental market. #zahahadid #chelsea https://goo.gl/7Z7LBF