Lance Leighton
Founder – TechOfficeSpaces.com
Senior Managing Director, Savills Studley
New York State Licensed Real Estate Salesperson
There is an insatiable amount of demand for office spaces in Midtown South from companies dominated by the millennial workforce. Due to the selection of loft-like office buildings, restaurants, nightlife and similar young companies, both early and mature firms prefer to be south of 34th Street and in the hip areas of New York City for the purposes of both talent recruitment and retention. Though many companies were historically moving south for industrial types of office product at reduced prices, as the rents continue to increase at a steadfast pace, many of these tenants are now seeking lower cost alternatives. As a matter of fact, there are some very good alternatives a bit further north for TAMI tenants- including this brand new sublease opportunity at 21 West 38th Street.
Offered for sublease from Henricksen & Company, the entire 16th floor was recently built with a creative tenant in mind. Measuring 4,465 rentable square feet, the premises is perfect for any early stage company. Currently constructed and furnished with very high-end industrial finishes, the unit boasts one windowed office, a large conference room, pantry, reception area and open bullpen for 15+ positions. Built with such a generic layout (click here for the floorplan) this unit is literally the perfect launching pad for just about any tech, media, or advertising company. As one can imagine, it is very atypical to have a full floor of this size in Manhattan, so we are confident that this will move quickly. Lastly, the term is rather short, through June of 2018, making it even more ideal for any company seeking flexibility with lease duration. Click here to contact us for pricing or availability or here to try our free New York City office space search.
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