There are many reasons for a private equity firm, hedge fund, or family office to want to exit their office lease including changes in headcount, upgrading to a higher end space, increasing operational efficiency, cost reduction, or moving to another market. 

Below are several strategies that Spaces Commercial Real Estate has implemented to help our clients exit thier lease including a lease termination, subleasing, landlord negotiation, and lease renegotiation.

The owners of 125 West 57th Street, just topped off their 30 story, 172,685 square foot office building. This is exciting because its strategic location on Billionaire’s Row, its panoramic views including of Central Park, and it’s one of the few new construction buildings in Midtown. We recently toured the building with a client and got a pre construction peek of the building.

The Manhattan office space market has never been as dynamic and fractured as it is today. While some submarkets are experiencing an increased vacancy rate and decreased rental rate, others are experiencing a decreased vacancy rate and increased rental rates.

Regardless of the direction of the market and in which market you look, you can be absolutely sure that you’ll find tremendous value both for fully built and furnished sublease spaces and customizable direct space options.