With six new tenants, 20 W. 22nd St. has reached a leasing rate of 97%, with an offer currently pending for another space, according to Gregg Schenker, president and co-managing partner at ABS Partners Real Estate – the managing and leasing agent for the property.
The focus on smaller tenants (under 5,000 square feet) has made it easy for businesses to transition into this building from shared office spaces or those looking to downsize their operations. Jason Fein and Robert Finkelstein, building leasing agents and partners at ABS state that furnished spaces are particularly appealing to small businesses as they can move in immediately without bearing any additional costs from the landlord.
New York City is home to a large number of small businesses which is why we prioritize catering towards their specific needs.” The Flatiron district’s 16-story building spans over an area of approximately175,000 square feet housing around72 tenants. It boasts a prime location near both Madison Square Park and Union Square Park in Manhattan making it highly desirable among commercial renters.
This news was originally published by Connect CRE but now you can read about it here!
