Creative Sublease with Hardwood Floors and Exposed Ceilings near Madison Square Park – Perfect for any TAMI Startup

Manhattan’s commercial real estate market has been thriving and Midtown South has been at the epicenter of it all.  Once known for encompassing some of the grimiest areas in New York City (i.e. Chelsea, Flatiron, Union Square, NoHo, SoHo and the Meatpacking District), it has now become a major hub for the TAMI, creative and fashion industries.  Though it has become increasingly challenging to identify short-term and furnished opportunities for startups, there is a unique sublease available that just hit the market at 261 Fifth Avenue.

Located on the southeastern corner of 29^th Street, 261 Fifth is easily accessible from just about everywhere due to its convenient location between major subway stops.  Situated just a few hundred feet from Madison Square Park, the building is surrounded by modern cafés, hotels, restaurants and bars.   Though the building is relatively well leased, the partial 16^th floor just hit the market and is a tremendous opportunity for an early stage company.   Offered for sublease from StrikeAd, a mobile advertising agency, this corner unit measures 2,439 rentable square feet and is currently built with one glass fronted conference room, a wet pantry, private restroom (which is atypical for a unit of this size) and open area for 18-24 seats- floorplan here.  Similar to the finishes that most creative firms are looking for, the unit features exposed ceilings and hardwood floors.  With a term extending only through December 30^th, 2017 and due to the fact that it comes fully furnished, this sublease creates the flexibility that any growing company would find appealing.

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