Manhattan Real Estate Time Table

The table below outlines the amount of time you can expect to spend on each step of your relocation to a new commercial office space. Of course, this time table is intended to give you only a basic idea of the amount of time involved. No two relocations are the same. The numbers below represent a typical experience and may vary in actuality. Descriptions of each step follow the chart.

Size
Sq. Ft.
1000
to
2,999
3,000
to
5,999
6,000
to
9,999
10,000
to
50,000
Initial Planning - 1-2 2-4 4-8
Space Search 2-6 4-8 4-12 6-24
Negotiation of Lease 1-2 2 2-3 2-6
Construction Time 2-4 2-8 6-10 8-20
Total Time (weeks) 5-12 11-20 14-29 20-58


Initial Planning
The process begins with planning and analysis of your requirements. A more detailed your idea of what your organization needs will be a major help as we sort through many potential new office spaces. You'll want to spend time thinking about your ideal location, image needs, required square footage (both in the present and future), your preferred level of amenities and your budget constraints.

Space Search
Your Prime Manhattan commercial broker has access to every office space in every building in New York. Once we have a detailed assessment of what you are looking for we will identify the best commercial real estate to meet your needs, work with you to narrow down the field and tour the best potential properties with you. Market fluctuations may make this the most time"consuming stage of the process.

Negotiating the Lease
After you have determined the best New York office space for your specific needs, you and your Prime Manhattan commercial broker begin the next phase: negotiating with the landlord. Prime Manhattan Realty has major negotiating power with New York landlords, based on our years in the business and major client volume. We will work tirelessly to ensure every lease term is favorable to you and agreeable to the landlord.

Construction Time
Be sure to allot adequate time for construction and renovation into your timetable. Depending on your industry and the status of your new office space prior to your move"in date, this stage may become very lengthy. From the very beginning of the process, your Prime Manhattan commercial broker will consider your construction and renovation needs, selecting potential office spaces amenable to any customization you require. We are glad to offer in house architectural consultancy or coordinate with your architect.

Total Time
The total time it takes to lease or purchase commercial real estate in New York can vary widely. Whether the job is done in a few short weeks or lasts many months, your Prime Manhattan Realty commercial broker will work diligently to help you locate and secure the perfect New York office space.

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