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Running With The Big Dogs: Top Five Office Listings In Financial District

By Team Agorafy October 24, 2016
Photo courtesy of www.socionomics.net

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.

RelatedStarting From Ground Zero: How NYC’s Downtown Rose Like A Phoenix From The Ashes

So, we scoured the available office spaces listed on Agorafy and came up with the Top Five Office Listings in the Financial District.

140 Broadway, Unit 4614

Perfect for: Start-ups in early stages / Size: 200 sq. ft.

Monthly Asking Rent: $4,728

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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.

225 Broadway, partial suite 2901

Perfect for: A small company with under 50 employees / Size: 965 sq. ft.     Monthly Asking Rent: $4000

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Photo courtesy of Braun Management, Inc.

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?

42 New Street, 3rd Floor

Perfect for: A mid-sized growing company / Size: 2000 sq. ft.         Monthly Asking Rent:  $4833

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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.

39 Broadway, partial 22nd Floor

Perfect for:  A mid-sized growing company that pretty much made it  / Size: 3004 sq. ft.

Monthly Asking Rent $10,013

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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.

55 Water Street, partial 1st sub-level

Perfect for: A huge corporation with gazillions of departments that hardly know each other. / Size: 9800 sq. ft.

Monthly Asking Rent: $28583

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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.

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.

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