Tech, advertising, media, and information firms are constantly looking for ways to reduce occupancy costs and do more with less space. Some of the hottest neighborhoods for these users have become Flatiron, Gramercy, Chelsea, and Times Square South. The overall migration has been south and west because these tenants continue to be priced out of these submarkets. However, a unique value opportunity recently hit the market at 220 East 23rd Street. The building is owned by Elk Investors, a family-run real estate firm with a multitude of commercial and residential properties in Manhattan.
Measuring 3,300 rentable square feet each, the entire 11th and 12th floors are great opportunities to occupy full floors in a great location. The spaces are currently built with polished concrete floors, exposed ceilings, 4 sides of light, newly renovated bathrooms, wet pantries, and tenant controlled HVAC systems. Available immediately for occupancy, the floors are in whiteboxed condition and Elk would be happy to build for an incoming tenant (click here to see a potential layout). In addition, the 11th floor features a large useable terrace! There is a very limited amount of full floor office space opportunities in Gramercy and when they become available, they are not on the market for long.
Please click here with questions about rent or here to try our free office space search.
How long does it take to lease commercial real estate in New York City? The TechOfficeSpaces.com Team is often asked how long it takes to move into new office space…
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