Velocity Real Estate

Office Leasing & Investment Sales

What We Do

Office Search

Running office space surveys, and narrowing it down to the right ones for your company

Space Tours

Schedule the tours and accompanying you to see some great spaces. Let’s hit the streets!

Cost Analysis

Reviewing the numbers, so you can make an informed financial decision

Lease Negotiation

Using our proven skills, we’ll leverage the best deal for your company

Subleasing

If your company needs to sublease your entire office space or just a portion of it, we have unique tools to help

Referrals

Real estate attorneys, insurers, designers, contractors – we’ll point you in the right direction

Expertise

With over a decade of experience, we’ll explain everything from Loss Factors to Good-Guy Gaurantees

Closing

We’ll walk you through the closing process, from checks to keys

NYC Office Space

At Velocity Real Estate, we excel in matching companies with their ideal NYC office space. Our team, backed with over 20 years of experience, has a deep understanding of New York City’s distinct office market and maintains long-established relationships with many landlords and office leasing brokers. Armed with access to the latest office listings in NYC, we offer bespoke solutions, crafting lists tailored to meet each client’s specific needs and requirements. Whether you’re a tech startup seeking an inspiring office space in the Flatiron District or a seasoned financial services firm looking for a Class A office in Midtown Manhattan, we’ll guide you through the complexities of the commercial real estate market with ease. Our commitment to personalized service, combined with our extensive knowledge of market conditions and lease negotiations, ensures our clients not only find an office space but also discover a place where their business can flourish.

Midtown East

Soho

Chelsea

Tribeca

Flatiron District

Nomad

FAQs

Do you charge a fee?

The short answer is no. It’s customary for the landlord or sublandlord to pay the real estate commission, not the tenant or subtenant.
What is 'Loss Factor'?

Commercial landlords in New York City use “rentable” square footage as the unit of measurement for office space. This “rentable” measurement contains a proportionate share of square footage in common areas such as hallways, lobbies, restrooms and elevator vestibules. By comparison the “usable” square footage is more useful to the tenant and is the measurements of the demised space from wall to wall. Therefore, the usable square footage is always smaller than rentable square footage. The difference between the two is called a loss factor.
What is a Good-Guy Guarantee? And will I have to sign one?

An officer of your company will likely be required to sign a Good-Guy Guarantee (“GGG”). A ‘GGG’ is a limited personal guarantee, a legal document which becomes an exhibit to the lease. Officers must personally guarantee that their company’s rent will be paid. If they can’t pay the rent, they are agreeing to be a “good guy” and vacate the space. Therefore, if the tenant is in financial trouble and needs to break their lease, the officer is held personally liable for all rent until the space is surrendered to the landlord. When the keys are returned to the landlord and any back rent is paid, the officer is, at this point, released from all personal liability. There is usually a notice period for exercising the Good-Guy Guarantee. For example, the tenant might be required to notify the landlord of their intent to exercise the Good-Guy Guarantee 3 or 4 months in advance of moving out, and therefore responsible for all rent until that point. If the GGG is exercised, the security deposit is generally not returned. Since the Good-Guy Guarantee is a legal document prepared by an attorney, they differ slightly from each other.
What is an escalation?

Escalations are annual rent increases added to the base rent to keep pace with inflation. The escalation is negotiated with the landlord, but is typically around 3% per year. Fixed annual rental rates are rare, and typically only occur in short-term leases. Note that escalations are compounded every year, regardless of any additional bumps in rent price.
Who pays the real estate taxes?

It depends, but in the vast majority of office leases the landlord pays the taxes. However, the tenant is responsible for their proportionate share of the annual tax increases. For example, if a tenant occupies 20% of a building and the tax bill increases from $50,000 to $53,000, then the increase is $3000. Since the tenant occupies 20% of the building they would pay an additional $600 per year, which can be paid in one lump sum or amortized into the montly rent.

Velocity delivered with quality, and speed!

Jake and his team served us only quality spaces that matched our criteria. All other brokers made us feel pressured but Velocity created a sense of calm. Top notch people you can trust!

David Cohen
CEO, Utility

Friendly, down to earth, and well-connected!

Jake did a great job creating our perfect fit in the Flatiron district. For us, being a European company, he helped in making us understand NYC real estate.

Martijn Bos
CEO, Boska

A unique and valuable real-estate service unlike any other

Working with Velocity was a great experience. Jake found me the prefect sub-tenant in record time, just two days! I highly recommend Velocity to anyone renting space as a landlord or tenant.

George Chevalier
President, Sales Graphics Corp.