1235 Broadway: Office Space for Lease

What is available in the building today

One floor is on our book at 1235 Broadway, and it is the whole of the fourth, offered as a single block rather than split into suites.

• Entire 4th Floor, 9,500 square feet, asking $62 per square foot per year.
• About $49,083 per month, $589,000 for the year, before electricity.
• Room for roughly 54 people at 175 square feet each, closer to 68 on a dense open plan and nearer 42 once private offices go in.

The space is furnished and wired, with hardwood floors, exposed ceilings, a wraparound window line and a large wet pantry and kitchen area, so a team that likes the layout is looking at weeks to occupancy rather than a construction calendar. Taking a full floor also removes the shared corridor from the question: one front door, one reception point, no elevator lobby to negotiate with a neighbor. A Matterport walkthrough and a floor plan both sit on the space page, and both are worth studying before the tour.

Reading the $62 ask

Three NoMad floors sit on our book right now, asking between $57 and $62 with a median of $62, which puts this one exactly at the submarket median. Measured against the $75 citywide median across everything we represent, $62 comes in about 14 percent under, the same discount NoMad carries as a whole. The honest read is market rate for the neighborhood and a real saving against Manhattan generally.

Our own comparables sharpen it. The entire 12th floor at 1239 Broadway asks the same $62 for 12,500 square feet, and the entire 7th at 22 West 27th Street asks $57 for 6,000, cheaper per foot but a much smaller footprint. Step west into Chelsea and the band widens in both directions: 9,500 square feet at 127 West 26th Street asks $50, while 9,000 square feet at 151 West 26th Street asks $64. On a floor this size a single dollar of rent is $9,500 a year, so a team flexible about the block should price all four.

The submarket around the address

Transit reads N/R/W, 6, F/M at 23rd and 28th, which is the submarket's service rather than anything particular to this door, and it is why NoMad works for teams hiring from both sides of the river. Flatiron, Murray Hill and Chelsea all start within a few blocks, so a search anchored on this building should really be run across four submarkets at once.

Companies we place in these blocks skew growth-stage: teams that have outgrown a sublet or a coworking floor, want a door of their own, and are not ready to pay tower rents for it. Our current NoMad inventory runs 5,621 to 12,500 square feet, roughly 32 to 71 desks, which is the shape of that demand. 1239 Broadway and 22 West 27th Street are the other two, both worth seeing the same afternoon as this one.

How to evaluate the floor properly

A tour should be spent settling what a listing cannot tell you.

• Ceiling height, column placement and window exposure, confirmed in writing, since those decide how many desks actually fit.
• The furniture: what stays, who owns it, and whether the landlord clears anything you do not want.
• HVAC zoning and after-hours service, including how it is billed, a real line item for a team that works past seven.
• Restrooms, pantry plumbing and electrical capacity measured against your actual headcount rather than the marketed one.
• Freight, loading and building hours for the move-in, plus where the telecom riser lands and which carriers serve it.

The 9,500 square feet is a rentable number, not a usable one. Every New York floor carries a loss factor, and the gap between what you rent and what you can lay out with is worth establishing early. A test fit answers the headcount question honestly, which is why we run one before the letter of intent rather than after.

Base rent is only part of the cost. Electricity is normally submetered or billed separately and commonly adds a few dollars per square foot per year, cleaning may or may not sit inside base rent, and tax and operating escalations run over a negotiable base year. Beyond that sit the terms that move the effective rent further than the headline does: free rent, an improvement allowance, a cap on escalations, the form of the security and whether it burns down, the good guy guarantee, and the restoration clause.

How Nomad works on a floor like this

We represent tenants and only tenants, here and everywhere else on our book, so there is no version of this deal where we are also paid by the owner. Asking rents get published on every page we run, this one included, because a tenant who knows the number before the tour negotiates better.

A tour of the fourth floor can usually be arranged inside the same week, with the floor plan and Matterport link sent ahead so the visit goes on the questions above rather than on orientation. If the floor works, we run the letter of intent, the lease and any buildout: 300+ buildouts across 2M+ square feet in New York means the lease gets written by people who know what the construction costs. If it does not, we will say so and show you the other two NoMad floors.