Located on West 35thStreet in Midtown South, a law firm has an entire suite available as a lease assignment. The layout has a large executive, corner office, three additional windowed offices (with the possibility of a fourth), an interior conference room, and large bull pen with wet pantry. All the windows are south-facing and receive good natural light. This office would be ideal for a law firm, accountants, or other professional use. Easy access to Grand Central, Penn Station, and many subway lines.
Many new companies are hesitant to sign 5 year leases because they cannot predict their future office space needs. Perhaps they’ll require another 20 desks for programmers, or maybe half of their current staff will begin working remotely. Whether faced with an excess of office space or not enough, a sublease or lease assignment is the go-to remedy.
So what’s the difference?