downtown commercial space need a good agent
Started by askwangd
almost 15 years ago
Posts: 22
Member since: Feb 2010
Discussion about
I like to rent out a commercial loft at the Union Square area.I have no ideas how to start,just put a sign on the window,Can you give me some advises!any local commercial rental realtor recommended? Thanks
I think you should first discuss this with your RE lawyer. What are the permitted uses for this loft? How long a lease do you want? Look at neighboring blds/lofts: what type of tenant occupies similar space in the bld/neighborhood? Also suggest you read some books on how to be a (commercial) landlord.
If you hire a broker, he/she will probably ask you to sign an agreement. IMO, do not sign anything until after your lawyer reviews/re-writes the agreement. And, even if there is no written agreement, a broker could claim a fee by presenting you with a tenant.
this web site may give you an idea of rents:
http://therealdeal.com/deals/office
http://therealdeal.com/deals/retail
I suggest you do a lot of home work/due diligence before you sign any brokerage agreements &/or leases because there can be many pitfalls.
http://therealdeal.com/deals/office?page=8
24-32 Union Square East
The branding and design consultancy firm signed a two-year lease. March 2011
Call Adam Sanchez in our Mercer Street office. His number is on our website.
Scott K
Bond New York
askwangd - How big is the space and what are you asking for rent?
vslse65-the commercial space is 2000sf,asking 9800/per month
Whatever you do, before you follow Mr. Bond (Scott's) advice test Sr. Sanchez. Ask him if he knows what a triple net lease is. Entiendes?
askwangd - send me an email to vlee at ccrny dot com
I think I can help you, but of course I would like to see the space before going any further. My office is located only 5 minutes from you so it would take very little time.
Full disclosure: I manage my family's portfolio of commercial and residential properties in NYC. I am also a NYS licensed real estate salesperson at City Connections Realty. We are the exclusive commercial leasing agents for 71 W 23rd Street (our offices are located on the 10th floor).
Best,
Vincent L.
City Connections Realty
71 W 23rd Street Suite 1001
New York, NY 10010
REBNY Member - Real Estate Board of New York