Studio Square – High-End Loft Space for Lease in Queens
Not too long ago, Long Island City was one of the grittiest neighborhoods in Queens. Similar to other prospering neighborhoods in New York City- such as Williamsburg, Dumbo, Flatbush, Union Square, TriBeca, Bushwick, Greenpoint, Gowanus, Chelsea and Flatiron (where some office rents have seen 100%+ increases over the last couple of years), the area is in the midst of transforming into one of the hottest residential destinations in the five boroughs. Though many Manhattanites are flocking to this Queens waterfront oasis for luxury condominiums with incredible views (at a substantial discount to the aforementioned areas), the office space market has yet to see a significant influx of tenants- which is good news for companies looking for office spaces in LIC.
Unlike Manhattan, where the majority of commercial real estate is used for either office space or retail, most of Long Island City’s buildings are old dilapidated warehouses, storage facilities and factories. As a result, there are not a tremendous amount of “real” office buildings with proper infrastructure in place. As more and more developers and investors are taking notice, there have been multiple notable conversions over the past couple of years, including the highly regarded Falchi Building, Standard Motor Products Building, and TheCenter Building. Although there are not many boutique office buildings in the neighborhood (of the few real office buildings, the majority have HUGE floorplates), there is an unusual 50,000 square foot building-within-a-building opportunity at the Studio Square Loft Building (35-37 36th Street) , with ceiling heights, outdoor spaces and city views that can impress just about anyone.
If you live in Queens, you likely know that Studio SquareBeer Garden is one of the best places to watch sporting events and grab a cocktail. With a massive amount of entertaining space, the place gets absolutely packed on a daily basis. Until recently, the entire building was owned by the beer garden’s founders, S Hospitality Group, and they recently did a sale-leaseback to Emmes Asset Management- leasing back only the ground and 2nd floors for the next 15 years (article here). Accordingly, floors 3 to 6 (including the gigantic rooftop) are now available for any user looking for cool, funky and hip office space.
Measuring roughly 12,500 rentable square feet each, all of the floors are currently wide open loft spaces (click here for floorplans and asking rents). Featuring highly efficient floorplates, four sides of light, polished concrete floors and above normal ceiling heights, the floors are perfect for tech, creative and media tenants. The rooftop amenity floor is extraordinarily large and features unparalleled views of the Manhattan Skyline. Pricing for this unique opportunity is quite attractive, especially considering the level of exclusivity and branding opportunity. Click here to contact us to arrange an inspection or here for our free and instant office space search.
The Studio Square Office Building – 35-37 36th Street