LATEST NEWS

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.

By Team Agorafy December 16, 2016

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.

RelatedTop Five Office Spaces For Sublease In Prime Manhattan Locations

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.

RelatedFinancial Firms Expand Their Footprint In Manhattan Office Space

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

488-east-164th-street

 

Queens / 153-17 Jamaica Avenue

3,200 square feet | $6,500 per month

153-17-jamaica-avenue

 

Queens / 51-02 21st Street

2,300 square feet | $5,750 per month

51-02-21st-street-queens-ny-11101-in-hunter-s-point-queens

 

Brooklyn / 1783 Stillwell Avenue

4,000 square feet | $6,500 per month

1783-stillwell-avenue

 

Brooklyn / 309 Grand Avenue

3,700 square feet | $10,500 per month

309-grand-avenue

 

Team Agorafy

ABOUT THE AUTHOR Team Agorafy

ABOUT THE AUTHOR Team Agorafy

Our mission is to be the most accurate resource for commercial listings, residential listings, and property information, allowing users to make highly-informed decisions based on current market data.

  • AGORAFY
    Do 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
  • AGORAFY
    One 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
  • AGORAFY
    This week, three of the apartments in the starchitect-designed West Chelsea condo have hit the rental market. #zahahadid #chelsea https://goo.gl/7Z7LBF
The Most Walkable City In The United States Is NYC
It’s no surprise that New York City is the most walkable city in the United States. Everything in the Big Apple makes it the ideal…
10 Booming Cities In The United States Where Homes Are Still Affordable
In most of the United States, buying a house is getting more and more pricey.  The main factor behind this scenario can be explained or…
New Rentals At Zaha Hadid’s West Chelsea Condo Hit The Market
Living NYC’s newly developed condo buildings is a privilege reserved strictly for the well-heeled. This is especially true when the condo tower in question has…
Can We Go Higher? NYC’s Costliest Condos Are Getting Even More Expensive
Do 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…
The Iconic Plaza Hotel In New York City Is Looking For Buyers
One of New York City’s most iconic properties could be having new owners very soon. The Indian business conglomerate, Sahara Group, has hired a broker…
A New 20,000-Square-Foot Megamansion Might Be Coming To Manhattan’s Greenwich Village
For the filthy rich living in the heart of Manhattan, condos in glassy towers seem to be the most common option these days. Lavish pads…
New Retail Strip Is Coming To Astoria Area With A Troubled Past
It seems like a bad coincidence, but the Dutch Kill neighborhood, located in otherwise prosperous Astoria, did manage to live up to its, ahem, colorful…
UN New York Hotel To Rebrand As Millennium Hilton New York One UN Plaza
The United Nations Plaza complex is an iconic landmark in Manhattan. It is a key property located across from the United Nations Headquarters that is…