Commercial Real Estate

Financial Firm Seeks Lawyer To Sublet Large NYC Office ($1,600)

There is a very nice new offering from a financial firm at 509 Madison Avenue on the 19th floor.  It is a single, large office in a small but brand new suite and it is offered for sublease for a 3 year term.
They seek a stable, professional attorney, perhaps specializing in T & E or [...]

Midtown Law Space With Good Economics

There is an interesting deal at 875 Third Avenue. It consists of 6,943 square feet of law office space on a portion of the 18th floor.  The space has a nice reception area and large windowed offices with views throughout the unit.  The office hallways have ample secretarial and paralegal areas, windowed and interior conference [...]

Where do we go from here? An Owner’s perspective

I once explained to a group of Bankers that “Real Estate Guys” are like heroin addicts, and that as long as they are willing to make their money available it will find very willing recipients, until they are cut off.  Perhaps, this was not the smartest thing to say, but it is as good an [...]

We Launch: A New CRE Promotion Model

LookingForSpace.com officially launched its commercial real estate marketing and promotion service today.  We intend to become a nexus of tenant & agent interaction by displaying the intellectual capital of our agent members, and letting them use their own content to attract new business from tenant readers.
Our beta market, if you’re looking for office space, or [...]

Launching A New Concept

It is hard to be original. Listing sites abound, and there are plenty of real estate bloggers, and plenty of places to place classified ads.  But, never have all these things been available in one place to benefit Tenants and Agents, in a way that actively boosts your search engine visibility.
LookingForSpace.com allows Agents to promote [...]

Tenants can post their space needs and questions

We are adding a unique new service to give tenants the benefit of the combined resources of our members, to get answers to their commercial real estate while remaining anonymous. Tenants can post their requirement for new space, or to dispose of space, and they can even ask questions about the market or specific leasing [...]

A Dark Horizon

Probably half of the major office buildings purchased in the last five years are totally over-leveraged.  Sooner or later the ownership of these buildings will be wiped out by their inability to refinance prior overvalued purchases.  Will we end up with a ton of bank owned property?  Is there significant cash waiting on the sidelines [...]

Manhattan CRE Listing Statistics

As of April 1, there were 4,564 units of office space, between 2,500 and 10,000 square feet, listed in the 18 submarkets of Manhattan.  Of these units, 871 (or 19.1%) were subleases.
The question in my mind is, how many tenants are looking for space in this size range and are ready to commit? How long [...]