Capstone Realty Advisors
We’re a commercial real estate firm specializing in NYC office space.
Our consultative approach provides comprehensive real estate solutions derived from a collaborative environment. As experts in the field with intimate knowledge of the Manhattan commercial real estate market, we maintain full accountability for meeting clients’ business objectives.
How much space required for my business?
This is dependent upon how you’d like to your space laid out and how generous you’d like each station / office to be, as well as requirements for ancillary spaces such as conference rooms, lounges, etc. Generally speaking, the range is 125 RSF – 300 RSF per person
When should I start looking for space?
Earlier is better. There is an education stage for most real estate decisions, and it is important to have ample time to pivot during the process if necessary. How early the process starts is also tied to what you are looking for (Turn-key, build to suit, subleases, etc.)
Can I break my Lease?
Unless there is a termination option in your lease the short answer is no. However, most leases provide the ability to sublease or assign.
Other possible factors such as paying below market or any situation where the Landlord could benefit in any way from recapturing the space can affect the plausibility of lease termination. There have been instances where the benefit to the Landlord has been so great, we have been able to obtain “buy outs” for some of our clients looking for early termination.
What is the benefit of engaging an exclusive broker?
By definition, the exclusive broker is a credible and trusted advisor, not a door opener / space shower. The exclusive broker is your most powerful negotiating tool.
What is a normal lease term?
3-10 years and everything in between. There are deals available for terms outside of these parameters, but inventory becomes limited.
What is loss factor?
The difference between rentable and usable square footage.
TDX Construction Corporation chose Capstone Realty Advisors for their experience and local knowledge of the NYC office space market. Joe McLaughlin and his team did a phenomenal job assessing our requirements, presenting opportunities and navigating us through the deal making process. Joe and his team really looked out for our needs and helped us accomplish our goals. I would recommend Capstone Realty to other companies that are looking to lease office space in NYC.