Frequently Asked Questions
Common questions about leasing office space in New York City and working with a tenant representative.
Does a tenant rep broker cost me anything?
In almost all cases, no. The landlord pays the commission, so bringing your own representation does not cost you anything extra. That cost is built into the deal whether or not you have an advocate on your side, so there is little reason to go without one. The main exception is if you are putting your own space up for sublease, where you may be responsible for a commission.
What is the difference between a tenant rep and the landlord's broker?
The landlord's broker works for the landlord and negotiates for the owner's benefit. A tenant rep works only for you. Some brokers represent both sides depending on the deal. Davada Advisors focuses only on tenant representation, so there is never a question about whose interests come first. Our goals are always aligned with yours: getting you the best space on the best terms for your business.
How much office space do I need?
A common planning range is about 250 to 325 rentable square feet per person for a balanced layout, about 175 to 250 for a more open one, and about 325 to 400 for a layout with mostly private offices. As a rough guide, a team of ten often needs 2,500 to 3,250 rentable square feet. Your real number depends on how many offices and meeting rooms you want and how much you expect to grow.
How long does it take to find and lease office space in NYC?
It varies, but a typical search runs from about a month to a few months from first tour to signed lease, plus any buildout time before you move in. As a rule of thumb, we recommend starting your search six to twelve months before your target move-in date. Starting early gives you more options and a stronger negotiating position.
What size companies do you work with?
Small, mid-sized, and growing companies across New York City, from a handful of people up to around two hundred. Whether you are leasing your very first office, relocating, upgrading, or expanding, I can help you find the right space.
Which neighborhoods do you cover?
Every neighborhood in the city, including Flatiron, Chelsea, Union Square, Midtown South, NoMad, FiDi, and more.
Can you help with coworking space?
Yes. Coworking and flexible-office operators work with tenant rep brokers and cover the fees, and I can often negotiate better terms than you would get on your own. If a flexible space is the right fit for where you are, I can help you find and structure it.
Have a question about your own search?
Every situation is a little different. Tell me what you're working on and I'll walk you through it.
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