Plug & Play Plaza District Sublease – Perfect For a Hedge Fund, Private Equity Firm or Investment Bank
It has become increasingly difficult to discover built, furnished, plug & play subleases in Midtown because of the extremely high demand and scarce supply. Whenever an appropriate sublease hits the market, it’s typically gobbled up by another boutique financial services firm looking for furnished office space. The market for flexible, short-term, subleases in The Plaza District is extremely limited, however, a brand new opportunity just hit the market at 540 Madison Avenue, from FTV Capital.
Located at Boston Properties‘ 540 Madison Avenue, between 53rd and 54th streets, the location is conveniently situated in the heart of Midtown near the E, M, and 4,5,6 trains. Measuring 6,950 rentable square feet, the entire 28th floor is an excellent opportunity for a small tenant to occupy a full floor in a Class A office building. The space is currently built with 6 offices, 2 conference rooms, some open area, and features views of Central Park (click here to see the floor plan). Constructed with full-height glass fronts and a well above standard installation, this is a great way to minimize out of pocket expenses while taking advantage of someone else’s high-end build-out. Available for occupancy in the spring of 2017, this sublease’s term extends through April 1, 2021. With direct space on comparable floors in the tower trading in the $100’s per square foot, this space will be trading at a favorable discount.
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