SUBLEASE OFFICE SPACE

Tungsten Property, a full service New York City commercial retail and office space brokerage, has access to many class A office spaces, office loft space, loft space , and showroom space in Manhattan, Brooklyn and Queens for sublease.

Due to recent economic activity many companies have realized that they hold too much office space and need to unload it. The main solution has been to sublease the office space to small businesses looking for affordable part-time office space for their operations. Subleasing offers businesses the luxury of having fully operational office space and the flexibility of a short term commitment. Usually these sublease terms last from 1 to 2 years and provide tenants with furnishings, network solutions and other amenities for their business operations.

Usually, these arrangements are fairly simple. The current lease holder, under landlord approval, will assign the lease to a third party, thus becoming the sublessor, or over-tenant, for the office space. The third party becomes the sublessee, or under-tenant and becomes liable to the original lessor for any damages to the property and for payment. In some instances, sublessor will price aggressively and require a lower rent payment from the sublessee, thus leaving partial amount of the rent up to the sublessor. Office spaces for sublease range in size, from 1000 sq ft to more than 10,000 sq ft. Office spaces for sublease are available throughout the various neighborhoods in Manhattan, including Battery Park City, the Financial District, the Flatiron District, the Grand Central District, Madison Square Park, Midtown, Park Avenue, the Penn Station District, Tribeca, Union Square, and Wall Street.

Tungsten Property has great inventory and experienced knowledgeable real estate professionals available to assist you in your search for Manhattan office space for sublease.

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