Budget Friendly Sublease with a High-End Build-Out in Chelsea/Flatiron

January 27, 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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Built Creative Sublease in Midtown South

Now trending for today’s most successful technology, advertising, media, and information tenants is the desire to strike a delicate balance between distancing themselves from the convention of traditional office space while maintaining a professional and polished office space. Opportunities are often hard to come by in the right neighborhood, which is why several growth-minded TAMI groups look towards the sublease market to find the perfect place to call home.

Story Worldwide is placing the entire 8th floor of 48 West 25th Street on the market for sublease. This 10,000 square foot floor plate will give a full floor presence on a professional yet creative installation that was completed two years ago.  Currently built with industrial and modern finishes, the real hallmark of this space is the variety of multi-purpose areas that provide collaboration and spatial efficiencies. The unit is currently built with a communal lounge area with a table that seats 14, a boardroom that seats 18, an open concept pantry with a breakfast bar, a conference room, a breakout room, and open area.  The open area holds room for 70 workstations. There is also a designated bike storage area for the employees that bike to work. Furniture from this fully-loaded space can be included for an incoming subtenant. This sublease runs through June of 2022, providing relative flexibility to a typical 10-year market lease.With an asking price in the low $60’s per square foot, this opportunity should not be overlooked in your office search.

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