Office Space for 50 People in NYC

What the 175 square feet a person has to absorb

The allowance measures the floor, not the desk. A workstation takes a small share; the rest goes to conference rooms, phone rooms, the pantry, reception, storage and circulation. Shared rooms scale in steps, so somewhere in the forties you add three meeting rooms at once.

Three floors on our book show the number after a landlord has drawn it. 520 Madison Avenue [Partial 21st Floor] holds 44 workstations, three private offices, two conference rooms, an eat-in pantry and reception in 7,092 feet: 161 a workstation. 540 Broadway [Entire 2nd Floor] fits up to 40 workstations plus a conference room, wet pantry, lounge, phone booth and reception into 6,350 feet: 159. 1239 Broadway [Entire 12th Floor] was built for a team of 75 to 80 across 12,500 feet: 156 to 167. Finished buildouts land in the high 150s to high 160s, which leaves 175 honest.

What fifty people cost, monthly and against the city

8,750 square feet at the $71.50 median across the sixteen priced floors here is $625,625 a year, about $52,135 a month, $1,043 a desk. At our $75 citywide median the same footprint runs $54,688.

Where you sign moves more money than how hard you negotiate. That plate costs about $40,833 a month at Chelsea's $56 median, $45,208 at NoMad's $62, $52,500 at Flatiron's $72, $57,604 at Midtown's $79, $63,802 at Union Square's $87.50 and $71,458 at SoHo's $98, so Chelsea to SoHo is $367,500 a year for an identical footprint. Two districts drop out: Penn Plaza is cheapest at $51 with nothing past 6,100 feet, and Grand Central tops out at 5,772. Electric adds $17,500 to $35,000 a year, and a 3% escalation on $625,625 carries the fifth year to roughly $704,000.

What a floor for fifty has to hold, and the feet nobody sits in

The program is settled at this size: one room seating leadership plus visitors, two or three in the six-to-eight range, a phone room per twelve to fifteen people, a pantry big enough for all-hands, plus reception, a lactation room, IT and storage. Fifty standing sits under the seventy-five-occupant place of assembly threshold.

The 8,750 is rentable, and nobody sits in rentable feet. At the 15-25% loss factors ordinary in this stock it leaves 6,563 to 7,438 usable, 131 to 149 a head, or roughly six desks of spread. A 9,000-foot floor measured leanly beats a 9,500-foot floor measured generously, which a test fit settles. Protect contiguity too: fifty split over two half floors buys a second pantry, a second front door and a tax on how often people meet.

Seventy-five people, and the clauses that get you there

Seventy-five at the same allowance is 13,125 square feet, about $78,200 a month at $71.50. Seven of the forty-nine floors on our book are that big today and only two sit in this set, so buy the expansion rights now.

Term. Seven to ten years pays for the improvement allowance and the four to six months of free rent that offset a fifty-person fit-out; five keeps flexibility and gives up most of that money.

Rights. A right of first offer on contiguous space costs a landlord nothing, so ask which neighboring floors roll during your term. Write sublease consent as not to be unreasonably withheld with affiliate transfers carved out, and burn the letter of credit down after two clean years: three months released is $156,406.

What is on our book for fifty right now

Five of the nineteen seat fifty at the full allowance. 151 West 26th Street [Partial 10th Floor] is the truest fit, 9,000 feet at $64, seven and a half dollars under this set's $71.50 median, about $48,000 a month for 51 desks, with a floor plan and Matterport tour. 127 West 26th Street [Entire 7th Floor] is 9,500 feet at $50, about $39,583 for 54. 1235 Broadway [Entire 4th Floor] matches that footprint at $62, about $49,083, furnished and wired with a large wet pantry. 30 West 21st Street [Entire 9th & 10th Floors] adds 10,562 contiguous feet, rent unpublished.

Eleven fall short at 175 and work at a tighter number. 137 East 25th Street [6th Floor] is the arresting one: 8,308 feet at $43, about $29,770 a month, fifty people at 166 feet each, the lowest rent per foot here by a dollar. 237 West 27th Street [Entire 11th Floor] is the dollar behind it, 7,158 feet at $44, about $26,246, the smallest monthly check on the list. 104 West 27th Street [Entire 9th Floor] is 7,047 feet at $59, about $34,648, with ownership offering a custom built-to-suit. 5 Bryant Park [Entire 33rd Floor] is 7,500 furnished feet at $96, about $60,000, through March 2028. Size alone moves the check: 32 Old Slip [Partial 32nd Floor] asks the identical $64 as 151 West 26th Street and costs $10,683 less a month on 2,003 fewer feet.

Three run larger: 1239 Broadway [Entire 12th Floor], 12,500 feet at $62; 1700 Broadway [Entire 26th Floor], 13,266 furnished feet at $79, about $87,335; 836 Broadway [Entire 2nd Floor], 13,754 feet, rent unpublished. Ask us.