While the recession has caused serious economic difficulties for most companies it has also enabled tenants to take advantage of cost effective deals in the market
New York, NY (PRWEB) November 29, 2011
"The companies lease obligation at 1370 Broadway was coming up and it was time to strategically move them and take advantage of space availabilities in the current economy" said Jeff Nissani. Jeff Nissani also said "while the recession has caused serious economic difficulties for most companies it has also enabled tenants to take advantage of cost effective deals in the market ".
Richter and Ratners deal is a sublease from the Jewelry company Nadri. Nadri jewelry put the space on the market as a necessity due to the space no longer being able to accomodate their need for growth. The jewelry company has now moved it's headquarters to space in New Jersey. Jeff Nissani anticipates a growing sublease market in the months to come and plenty of unique opportunities for companies to strategically take advantage of below market deals.
JSN Properties is a prominent commercial real estate brokerage in Manhattan. For more information call Jeff Nissani at 212 929 8390 or visit their website at http://www.jsnproperties.com