Obtaining the suitable lease for an office in New York City is the vital decision for any enterprise. With rentals shooting up to above competition and an already competitive theater, the tenants must approach the lease negotiations with a clear strategy or professional advice. Hence, Wharton Property Advisors afford professional support through every phase of NYC office leasing negotiation. 

An ill-negotiated lease results in additional or unnecessary expenses, little flexibility, and some rather long-term issues. Each lease term must be scrutinized from base rent to escalation clauses, subleasing rights, and tenant improvement allowances. Wharton Property Advisors deal with the complexities of tenant representation, enabling them to teach the tenants about market conditions, prevent them from falling into common traps, and come away with terms that contribute to growth. 

Another important consideration is timing. 6 to 12 months before the expiration of the lease is when the negotiations should begin, providing business with greater leverage and more options. Refurbishing the lease, relocating to an inappropriate place, expanding, and downsizing all need to be handled strategically so that the office space reflects present needs and future goals.

By combining deep knowledge of the NYC real estate market with personalized advisory services, Wharton Property Advisors empower tenants to make confident leasing decisions that protect their bottom line.

Get in Touch with Wharton Properties

Ready to secure your space in one of New York City’s most iconic commercial locations? Our team is here to help you find the perfect property tailored to your business goals.

Office Location: Wharton Properties 527 Madison Avenue, 16th Floor New York, NY 10022

Email: info@whartonproperties.net 

Website: www.whartonproperties.net

Let’s build something exceptional—together.