Lance Leighton
Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
The New York City office market is cyclical by nature, but one thing remains consistent: when quality space gets tight, tenants without the right representation are at a serious disadvantage. Landlords know it, tenants feel it, and deals get competitive quickly. In an environment where trophy and boutique office availabilities are scarce, working with a capable broker isn’t just helpful—it’s essential.
As someone who has completed over 400 successful office leasing transactions in Manhattan, I’ve seen firsthand how much leverage is lost when tenants try to “go it alone.” Let me explain why:
The best spaces rarely sit on public listings for long. Because I solely focus on Class A and Trophy office space, I’m deeply entrenched in the buildings and markets that matter most. I’m also intimately familiar with my clients’ requirements and often know about off-market opportunities before they’re ever announced. That means my clients consistently see spaces their competitors don’t.
When vacancies are tight, landlords dictate terms. But not if you have the right broker. My job is to flip the script—using data, comps, and relationships to level the playing field. I’ve negotiated everything from free rent to construction allowances in situations where tenants thought they had no wiggle room.
A lease or sublease is full of hidden costs and pitfalls—operating expense escalations, security deposits, restoration clauses, and more. In a competitive environment, tenants often feel pressured to sign quickly. My role is to slow down that process just enough to protect my clients’ interests while still moving fast enough to secure the space.
Time kills deals. The reality is that the best office spaces in NYC can trade hands in days. A capable broker knows how to streamline tours, gather the right information, and get offers in front of landlords quickly without sacrificing thoroughness. That speed often makes the difference between landing a dream office or settling for second best.
In today’s market, winning the right space is often about more than price. Landlords want creditworthy tenants, long-term stability, and smooth transactions. Because of my reputation and track record, I’m often able to position my clients as the most attractive choice, even when they’re not the highest bidder.
Many tenants assume that engaging multiple brokers will give them broader coverage and more opportunities. In reality, it often backfires:
Market Confusion: When multiple brokers are circulating the same requirements, landlords and their agents see the overlap and assume the tenant is disorganized or not serious. That weakens negotiating leverage.
Duplicate Information: Since all brokers are pulling from the same universe of listings, tenants waste time touring duplicate spaces.
Lost Advocacy: A single dedicated broker advocates fiercely for your interests. Multiple brokers are competing against each other, not negotiating on your behalf.
Landlord Relationships: Landlords value clarity. When they know a tenant has one representative, the process is smoother, and deals happen faster.
The best strategy is to pick one capable broker who understands your business inside and out—and empower them to run the process for you.
Here’s something many tenants don’t realize: brokerage fees in New York City are paid by landlords—not tenants. That means you gain the full advantage of my experience, relationships, and market expertise at no direct cost to your business.
My mission has always been clear: represent tenants with honesty, data-driven insights, and relentless advocacy. I’ve built a boutique platform designed to give financial services firms in NYC a competitive edge, no matter how tight the market gets.
As one of the most active commercial real estate brokers in Manhattan with a laser-focus on Class A and Trophy office space, and a reputation for uncovering off-market opportunities, I deliver results that simply aren’t possible without specialized, hands-on representation.
If you’re exploring office space in New York City, now is not the time to go it alone—or to spread yourself thin with multiple brokers.
Reach out to me here to discuss your requirement and to see how I can add value to your search.
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