You & Li Enterprises Leases Office Space At 253 Fifth Avenue In NoMad

The office space located at 253 Fifth Avenue in the NoMad neighborhood has been leased. The landlord, Gatsby Realty, has entered into a lease agreement with the tenant, You & Li Enterprises. The lease was facilitated by brokers Chris Okada and Hiro Iwata from Okada & Company.

Summary of transaction details:

• Property Type: Office
• Transaction Date: 09/14/2021
• Address: 253 Fifth Avenue
• Market: NoMad
• Asking Rent: $38 per square foot
• Size: 3,200 square feet

Chris Okada and Hiro Iwata from Okada & Company played a crucial role in representing the landlord and tenant, respectively, during the leasing process. The office space was leased for a monthly rent of $38 per square foot, totaling 3,200 square feet in size.

Please note that @ChrisOkada shared some interesting statistics about New York City on September 14th. There were approximately 2.9 million subway passengers, which is a significant improvement compared to previous months and the lockdown period in April 2020. He also mentioned that in order to fully recover, certain milestones need to be achieved, such as the reopening of international and business travel, companies encouraging employees to return to the office, and the lifting of vaccine card proof requirements and other CDC restrictions. According to his analysis, New York City is expected to fully bounce back around the first quarter of 2025.

For more information, you can visit the Okada & Company website at www.okadaco.com.