LEASED
Universal Home Fashion Leases Office Space At 7 West 36th Street In Fashion District
7 West 36th Street
Office
5,200 SF
5,200 SF
Leased 1 year ago
Summary
Lease
NEW YORK
Office
5,200 sqft
The leased property is located at 7 West 36th Street in the Fashion District. It is an office space with a total area of 5,200 square feet.
Summary of transaction details
- Property Type: Office
- Lease Date: 03/07/2022
- Address: 7 West 36th Street
- Market: Fashion District
The landlord for this lease is Empire Management, while Universal Home Fashion is the tenant. The lease was facilitated by Chris Okada and Hiro Iwata of Okada & Co.
The asking rent for the property is $36 per square foot.
Chris Okada from Okada & Co. provided some insights on the current office market. Despite high vacancy rates and market turmoil, there are opportunities for seasoned companies with strong balance sheets. 2022 is expected to see significant activity in the office market.
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3
Agents
2
Agencies
1
Details
LEASED
IMAGE: Chris Okada & Hiro Iwata
DATE: 03/07/2022
ADDRESS: 7 West 36th Street
MARKET: Fashion District
ASSET TYPE: Office
LANDLORD: Empire Management
TENANT: Universal Home Fashion
BROKERS: Chris Okada (@ChrisOkada) & Hiro Iwata (@OkadaCo) - Okada & Co. (@OkadaCo)
ASKING RENT: $36/ft. ~ SF: 5,200
NOTE FROM @Okadaco: Follow @ChrisOkada... So you hear it in the news 95 Million Square feet of vacancy. 17% vacancy throughout the city. This is the WORST office market in our lifetime... EVER. So why are we still here? Because when there's chaos, confusion, & calamity... there's opportunity. All the tenants we have been working with have been waiting years & years for rents to come down. These are seasoned companies with cash flow & balance sheets that have been in business for decades. No doubt there's a ton of vacancies & we're moving one space at a time, but EVERY DEAL COUNTS... ALWAYS BE CLOSING... 2022 is going to be BIG.View on map
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Address7 West 36th Street
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