I am looking for Real Estate, where can I go to find a (retail/manufacturing/office/other) space in New York?
NYC has one of the most dynamic real estate markets in the nation. It is also one of the most expensive. This short guide will help you pinpoint some resources to help you find a space that fits your needs at a competitive price.
First, set your expectations correctly. Although the terms are always negotiable, landlords can ask the tenant to put down several months for security deposit as well as long lease-terms. You should consider this when calculating your start-up costs.
You can find Real Estate listing and prices on the following websites:
Commercial Listings:
CityFeet.com www.cityfeet.com this website provides you with Real Estate listing in mayor cities and prices.
The Real Estate section of the New York Times www.nytimes.com offers a wealth of area information, articles and available commercial real estate in the city.
TenantWise.com www.tenantwise.com they specialize in Manhattan Commercial Real E state, the website includes an useful “Space Calculator” that will help you estimate your square footage needs according to your industry.
WallStreetOfficeSpace.com www.wallstreetofficespace.com offers listing of spaces and prices in the Wall Street area.
Shared Office Space:
MrOfficeSpace.com at www.mrofficespace.com this website offers direct lease, sublet and shared office space listings.
Office2Share.com www.office2share.com offers listings of companies offering short-term, ready-to-use office space. This may be a solution for small businesses and start-ups looking for commercial real estate and avoid the high-upfront costs and long lease-terms, or for an already establish company looking for temporary office space.
Business Center and Virtual Offices:
You can find listing information of Business Center Office Space (already set-up offices with shared staff and resources), Meeting Rooms, and Virtual Offices (you get a business mailing address, live-call handling, and call forwarding service) at the following websites:
Alliance Business Centers www.abcn.com
Esuite.com www.esuite.com
Office Suite Group www.kickstartusa.com
Prime Office Centers www.primeofficecenters.com
Regus.com www.regus.com
Rockefeller Group, Business Centers www.rockgroupbc.com
State, City and Private Assistance:
Business Incubators these organizations rent shared space and offer expertise, generally industry-specific, and technical support to small and start-up businesses. There is an application process to get into these incubators, and some will require a percentage ownership on the business.
Empire State Zones provides business incentives for business moving or located within these zones. For more information visit www.empire.state.ny.us
Business Improvement Districts (BID). Property owners and merchants tax a special assessment to business owners in certain commercial or industrial areas. This assessment goes to the appearance and quality of life of the district. Check with them for information on commercial spaces available in the area of your choice.
In Place Industrial Parks (IPIP) are designated areas in which the government, businesses and local economic development corporations, provide incentives and assistance to businesses looking to move into the area. .
In January 2005, Major Bloomberg created the Office of Industrial and Manufacturing Businesses (IMB). The IMB manages the creation of the Industrial Business Zones (IBZ). These zones are created to replace the IPIPs designed boundaries for industrial areas. Visit their website at www.nyc.gov/imb for more information and list of IBZ's.
The NYC Department of Citywide Administrative Services manages the city’s commercial Real Estate portfolio. Visit their website www.nyc.gov/dcas for more information.
The New York City Economic Development Corporation www.newyorkbiz.com sells and leases property owned by the city for industrial and commercial development purposes.
