Corporate Suites at 22 Cortlandt Street in the Financial District Sees Demand for Space From Tech and Media Grow Due to Rising Rents and Falling Inventory of Prime Space

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Tech companies are outpacing financial firms when it comes to acquiring Financial District office space. The phenomenon is the effect of a shortage of prime office space and rising cost in Midtown South. Corporate Suites' Financial District location is benefiting from this trend.

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Corporate Suites, a provider of furnished office space with business center amenities at seven buildings in New York, reports an increase in rentals from media and tech start ups in its Financial District location, primarily because of spill-over from the crowded rental market in Midtown South.

“Our location at Broadway and Church is seeing a sharp increase in traffic,” said Hayim Grant, Corporate Suites President. “It is attracting tech and media companies, and still sees strong demand from lawyers and brokers who are attracted by our proximity to Wall Street and City Courts in the Civic Center. It's also proving to be an excellent solution for office space for startups.”

Tech companies are snapping up Midtown South space and transforming them with furnishing and technology inspired by Silicon Valley tech giants—since there are fewer inventories in Midtown South, tech companies are moving into Financial District office space.

Corporate Suites’ Financial district building is located on 22 Cortlandt Street overlooking the Freedom Tower near the World Trade Center in the heart of one the biggest commerce centers in the world, and the third-largest in the U.S. behind Midtown Manhattan and the Chicago Loop. The location offers easy access to the Brooklyn Bridge as well as to the New York City subway and PATH lines. Major stations in the area include the World Trade Center, Fulton Street, and Wall Street. The building offers a secured lobby with 24/7 access, furnished offices, a reception area with professional staff, and meeting areas that include the latest technology. Tenants range from one-person consultants to expanding companies throughout the United States who are in need of an East Coast presence.

Corporate Suites has more than a decade of experience with both long-term and temporary New York office space. Their offices plans include conference and training rooms. The company’s office locations provide maintenance, reception, administration and tech support on site.

It operates six additional locations in addition to the 1180 Avenue of the Americas. Corporate Suites also leases office space at Lexington and 54th, Third Avenue at 50th, Third Avenue at 47th, Madison Avenue at 40th, and Avenue of the Americas at 37th in Upper Manhattan. It also operates a location at Cortland and Church in the Financial Center in Lower Manhattan.

About Corporate Suites: Corporate Suites is one of the largest serviced office space providers in New York City with more than a decade of experience managing hundreds of executive office suites for thousands of satisfied clients. We will provide and professionally manage the perfect office solution for your business. Find more detail information at http://www.CorporateSuites.com.

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Eugene Gutsalo
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