Brand New Creative Sublease in Midtown South

April 10, 2017

Tech Office Spaces Author

Washington D.C. Team Market Expert | Assistant Director, Savills Studley | DC/MD/VA Licensed Real Estate Broker

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Recently Built Sublease with a Creative Buildout

From New York to San Francisco, tech, advertising, media, and information (TAMI) start-ups have recently disrupted the office space landscape across every market by doing more with less. In some cases, they have done away with private offices altogether and replaced them with completely open plans allowing for collaboration and cohesion, which are essential for a healthy work environment. Multi-purpose spaces, such as conference rooms, breakout rooms and open pantries have become a place where smaller groups can come together, troubleshoot, and problem solve. With employees oftentimes working so closely, phone booths have become an important escape for privacy and a location to focus in silence.

A new sublease opportunity hit the market this week that exemplifies the benefits of a contemporary installation. Vroom, an expanding start-up located on the 5th floor, has outgrown their flatiron offices at 149 Fifth Avenue. The unit is currently built with 4 breakout/conference rooms, an open style pantry, and open area. They are asking $68 per square foot for the remaining obligation, which extends through 2020. This space captures the modern aesthetic with exposed ceilings and lots of natural light that innovative companies are looking for.

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