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Short-Term Shared Office Space Opportunity in SoHo

January 25, 2016

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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Furnished Plug & Play Sublease Opportunity in Midtown South

From a residential and retail perspective, SoHo has become one of the coolest and hippest place to live, hang out and shop. Complementing this ongoing trend is the newfound desire to work there as well. Though the appetite for office space in SoHo has become insatiable, there are very few small opportunities in this highly coveted neighborhood.  The most recent opportunity, not yet on the market, is an office space sublease from Great Oaks Venture Capital. Located at 588 Broadway, Great Oaks is offering a sliver of their 8,000 RSF creative office space on the 5th floor for sublease.

Great Oaks is considering sharing 1,704 RSF of band aid (or short-term) space that would be great for any early-stage or startup creative firm with an uncertain future. Great Oaks understands that flexibility is paramount for newer firms, and will be accommodating with the sublease duration (their actual lease runs through June 30, 2019). The space features two conference rooms and a collaborative open area for about 20 people (click here for a demising plan).  With normal asking rents in the building in the high-$60s per square foot, this sublease is being offered at an extreme discount to the market (click here to contact us for pricing).

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