“S.O.S.” - Save Our Shared-Office Space!

With the recently announced closing of the NYSIA (”New York Software Industry Association”) technology incubator

http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20080208/FREE/330958854/1064/newsletter01

and the rumored closing of a similar, university-based incubator; technology firms currently face increasing challenges in solving their office space requirements in New York City.

Firms from those that operate in a “virtual” mode to those in executive suite centers - have always had a need for flexible, shared office environments. With the demise of the larger incubators, this demand has surged while no sign of increased supply exists. We expect that the looming softness in the service economies may create future excess space capacity that may hit the sublease market, but for now supply is short.

Recently, CresaPartners has recently identified two opportunities that may be of interest to potential space sharers:

Downtown - Broadway & Wall Streets

A CresaPartners client in the technology sector, has asked us to market a portion of its space for sublease on a “shared” basis. The available space can range in size from 1 workstation up to 10 workstations, or from approximately 200-2,000 rsf. Furniture is available as are the use of a shared conference room and pantry.

Midtown – Sixth Avenue & 36^th Street (See Photo)

An accounting firm has asked us to market “shared” space within its offices near Penn Station. The available space consists of 1 private, corner office and four (4) workstations, or approximately 1,000 rsf. Furniture and phones are available as is use of a shared conference room, pantry and training room. A private bathroom is available.

If interested in either opportunity, please contact Jack Petrie at 212.389.2361 or jpetrie@cresapartners.com

This entry was posted on February 11, 2008 at 6:38 am and is filed under Media/P.R.. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.