Central Office Space

Central Office Space

Office Rental Questions

Find your Ideal Office Space

Do you have office leasing or rental questions that need answering? We work with top property management companies in the New York Metro Area to get you the information that you need.

New York Office Rental FAQs

Below is a list of the most common office rental questions we receive from our New York City area customers. If you have an office rental or leasing question that isn’t answered here, please contact us and we’ll get an answer to you as soon as possible.

What is the Office Leasing Process?

Our leasing partners will guide you through our property inventory to help you identify your ideal New York City Office opportunity. An appointment will be arranged for you to personally tour the available spaces. You can email us directly or call us at (646) 906-8854 to set up an appointment. Upon making your selection, our New York-area leasing representatives will assist you in preparing an offer and answer any questions you may have along the way. Tenant improvements will be assessed with your representative and the corresponding departments. A written response is provided quickly and the final paperwork will be prepared.

What’s included in my office rental agreement?

Your costs for leasing or renting office space are rarely limited to just the monthly rent cost. Ask our agents in advance what expenses are and are not included as part of your rental agreement. What utilities will you have to pay for? Will you have to pay for trash pickup, cleaning services, or any other common area fees? If something isn’t included, ask how much the monthly cost has been in the past and what services will be provided for you.

How do I calculate my monthly office rent?

Let’s say you currently employ 10 people, so you can estimate you will need approximately 2,500 square feet of office space. Your monthly rental rate will be calculated by multiplying your rentable square footage by the annual rental rate and dividing the result by 12.

For example, if you have 5,000 square feet of rentable space and the average rental rate is $55.00 per square foot, you would calculate 5,000 x $55.00 = $275,000 / 12 = $22,916..67 per month.

According to our partners, the average commercial Class A office space in Greater New York currently rents for $55.40 per square foot. Partner rates may vary. Please contact us at Central Office Space for a personalized office rental quote. Our commercial office leasing experts are standing by to assist you.

How much will my rent increase YOY?

Most leases have annual percentage rent increases built-in. These should be spelled out clearly in the lease agreement. Most Central Office Space partners use the Consumer Price Index (CPI) as a gauge. Your annual adjustment will likely vary between a minimum of 3% to a maximum of 5%. To keep your annual rent increases under control, ask to have your lease written with an option to renew at a predetermined rate.

How do I set up a property tour?

Fill out the Office Rental Form with the space requirements that best meet your needs. In the comments box at the bottom of the form, specify that you want to tour the available spaces. One of our leasing agents will be in touch with you to help select and facilitate a tour. You can also call us at (646) 906-8854 or fill out our general contact form if you are unsure and would like to review a broader scope of options.

How do you get your office listings?

We get our office space listings from multiple sources including New York-area property managers and management companies, building owners, real estate firms, user-generated information, and publicly available sources. We provide access to a database of dozens of commercial properties for lease in the New York metropolitan area going back more than a decade.

I’m interested in receiving referrals. Where can I learn more?

To become a Central Office Space partner and begin to receive our tenant referrals, please email our team or call us at (646) 906-8854. As with our tenants, we’re here to help you grow your business.

Are you planning for the future?

Depending on where you’re looking to rent office space, you can expect to sign a 3 to 5-year lease, or more. If you choose a space based on your current number of employees, you could easily outgrow the space before the lease is up.

Ask our Central Office Space representatives about our Relocation Advantage, which grants you the possibility of relocating to another one of our partner properties, should you outgrow your current lease.