Delphi Real Estate Blog

September 16, 2009

What would we do if we were you

Filed under: New York Office Space — Jonathan Rudes @ 3:36 pm

We sat down this morning and discussed the best advice we could possibly give to a company considering their options for their New York office space. Here’s what we came up with:

  1. We believe the market will start coming back by April of  2010.
  2. We would go out and find the best deal we could and take it for as long as we could.
  3. We would look for subleases from companies that are either desperate or need to get out. These companies may offer significant concessions, include furniture, equipment or have installations that you would never consider building for yourself.
  4. Talk to your landlord, he may have lots of issues that you are not aware of that might motivate him to renegotiate your lease.
  5. Of course use a professional. Times a wastin’ and you need to be efficient and thorough while the market is still in your favor.

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