What is a Leased Office?
Leased Offices are typically raw spaces leased directly from the building landlord or management company. The leased office spaces are typically raw spaces and are rarely furnished. The tenant typically is responsible for the build out of the space as well as for all utility and any other costs associated with maintaining a productive office environment. A typical lease term is three, five and ten years. In Manhattan, New York it is rare to find lease terms greater than ten years. Space sizes can vary from 100 square ft. to 20,000 square ft. As a rule of thumb, the more space you take, the less per square feet rent you pay. Directly leasing an office space is a good option for established businesses that do not expect high growth or frequent down sizing.
