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Rent/Lease Office 501 Seventh Ave

Class A 10018 Buildings Penn Plaza/Garment

Lease Office 501 Seventh Ave

Rent Sublease Office at 501 Seventh Ave

$ / SF	SF	Monthly Rent
Negotiable

Nearby Sublease office Spaces for Rent

Address	$ / SF	SF	Monthly Rent
Broadway & West 36th Street	$ 48	11,700	$ 46,800
Penn Plaza & West 33rd Street	$ 42	29,000	$ 100,291
Bryant Park & 6th Avenue	$ 60	14,000	$ 70,000

Address	$ / SF	SF	Monthly Rent
Broadway & West 36th Street	$ 56	3,200	$ 14,800
Broadway & West 41st Street	$ 56	4,700	$ 22,129
Fifth Ave & West 33rd Street	$ 71	4,300	$ 25,441

Address	$ / SF	SF	Monthly Rent
Broadway & West 41st Street	$ 55	2,200	$ 10,083

Address	$ / SF	SF	Monthly Rent
W 37th St & 6th Avenue	$ 34	11,400	$ 31,825
W 37th St & Avenue of America	$ 34	10,200	$ 29,325
Broadway & West 37th Street	$ 42	11,100	$ 38,850
Seventh Ave & West 38th Street	$ 38	7,700	$ 24,383
W 40th St & Between West 39th Street	$ 38	15,100	$ 47,816
Eighth Ave & West 34th Street	$ 54	8,900	$ 40,050

Address	$ / SF	SF	Monthly Rent
Seventh Ave & West 38th Street	$ 48	4,200	$ 16,975
W 37th St & 6th Avenue	$ 35	3,500	$ 10,208
W 40th St & Eighth Avenue	$ 42	2,600	$ 8,991
Broadway & West 37th Street	$ 41	6,100	$ 20,841

Address	$ / SF	SF	Monthly Rent
Seventh Ave & West 38th Street	$ 47	2,100	$ 8,225
Tenth Ave & West 37th Street	$ 46	2,200	$ 8,525
Penn Plaza & Eighth Avenue	$ 40	1,800	$ 6,000
Fifth Ave & East 35th Street	$ 40	2,100	$ 7,000
W 36th St & Between 8th Avenue	$ 38	2,400	$ 7,600

Address	$ / SF	SF	Monthly Rent
W 35th St & Between West 35th Street	$ 33	7,500	$ 20,625
W 37th St & Seventh Avenue	$ 30	7,300	$ 18,250
W 30th St & Between West 30th Street	$ 30	7,100	$ 17,750
W 36th St & Eight Avenue	$ 33	7,800	$ 21,450

Address	$ / SF	SF	Monthly Rent
Penn Plaza & West 30th Street	$ 48	2,500	$ 10,000
W 38th St & Eighth Avenue	$ 35	4,400	$ 12,833
W 35th St & Between West 35th Street	$ 36	5,300	$ 15,679
W 37th St & Seventh Avenue	$ 30	6,800	$ 17,000
W 36th St & Eighth Avenue	$ 50	3,700	$ 15,570
W 37th St & Ninth Avenue	$ 40	4,500	$ 15,000
W 37th St & Eight Avenue	$ 40	3,400	$ 11,333
W 36th St & Avenue of the Americas	$ 45	3,400	$ 12,750
W 30th St & Between West 30th Street	$ 33	5,000	$ 13,750
Broadway & West 32nd Street	$ 46	3,500	$ 13,498

Address	$ / SF	SF	Monthly Rent
Penn Plaza & West 30th Street	$ 47	2,000	$ 7,833
W 36th St & Eighth Avenue	$ 49	2,400	$ 9,800
W 37th St & Eight Avenue	$ 45	1,800	$ 6,750

Tipo de espacio	Clase A/mes	Clase B/mes	Clase C/mes
Oficina con ventana/persona
Oficina interior/persona
Salas de equipo
Suites

Nearby office Spaces for Rent

Address	$ / SF	SF	Monthly Rent
Broadway & West 41st Street	$ 70	13,200	$ 77,550
Fifth Ave & West 38th Street	$ 56	17,600	$ 82,866
Broadway & West 39th Street	$ 59	10,900	$ 53,591
1 Plz & West 33rd Street	$ 105	19,100	$ 167,125
W 40th St & Avenue of Americas	$ 74	8,500	$ 52,770

Address	$ / SF	SF	Monthly Rent
Broadway & West 37th Street	$ 68	5,500	$ 30,937
W 38th St & Avenue of the Americas	$ 56	3,500	$ 16,333
Broadway & West 41st Street	$ 66	6,800	$ 37,116
Broadway & West 36th Street	$ 66	4,600	$ 25,108
2 & West 31st Street	$ 140	5,300	$ 62,054
Fifth Ave & West 38th Street	$ 61	3,800	$ 19,316
1 Plz & West 33rd Street	$ 105	3,200	$ 28,000

Address	$ / SF	SF	Monthly Rent
Broadway & West 37th Street	$ 68	2,300	$ 12,937
1 Plz & West 33rd Street	$ 98	2,400	$ 19,600

Address	$ / SF	SF	Monthly Rent
Eighth Ave & West 36th Street	$ 40	7,500	$ 25,312
W 39th St & Eighth Avenue	$ 40	7,700	$ 25,666
W 33rd St & Fifth Avenue	$ 40	7,100	$ 23,962
Eighth Ave & West 35th Street	$ 39	7,100	$ 23,075
Eighth Ave & W 35th Street	$ 40	8,000	$ 26,666
W 37th St & Avenue of America	$ 46	8,600	$ 33,325
Tenth Ave & West 37th Street	$ 50	7,900	$ 32,587
W 36th St & 6th Avenue	$ 46	9,600	$ 37,200
Broadway & West 38th Street	$ 54	9,500	$ 42,750
Seventh Ave & West 37th Street	$ 56	10,300	$ 48,066

Address	$ / SF	SF	Monthly Rent
Seventh Ave & West 38th Street	$ 52	3,100	$ 13,433
W 35th St & Avenue of America	$ 29	4,400	$ 10,633
Eighth Ave & West 36th Street	$ 36	4,700	$ 14,100

Address	$ / SF	SF	Monthly Rent
Eighth Ave & West 36th Street	$ 42	2,200	$ 7,700
W 39th St & Ninth Avenue	$ 39	1,800	$ 5,850
W 38th St & Between West 37th Street	$ 35	2,200	$ 6,416
Eighth Ave & West 35th Street	$ 35	1,700	$ 4,958
Tenth Ave & West 37th Street	$ 44	2,200	$ 8,066
W 40th St & Eighth Avenue	$ 48	1,900	$ 7,520
Broadway & West 38th Street	$ 52	1,900	$ 8,233
7th Ave & Between 7th Avenue	$ 57	1,600	$ 7,600
Avenue of the Americas & West 39th Street	$ 61	2,300	$ 11,691
Avenue of the Americas & West 31st Street	$ 79	2,400	$ 15,800

Address	$ / SF	SF	Monthly Rent
W 35th St & Seventh Avenue	$ 40	8,800	$ 29,700
W 39th St & Eighth Avenue	$ 36	9,200	$ 27,600
Eighth Ave & West 36th Street	$ 42	16,000	$ 56,000
W 35th St & Seventh Avenue	$ 35	7,600	$ 22,166
W 35th St & Between West 35th Street	$ 34	7,300	$ 20,683
Eighth Ave & West 39th Street	$ 41	11,400	$ 38,950

Address	$ / SF	SF	Monthly Rent
W 35th St & Seventh Avenue	$ 40	3,900	$ 13,000
W 35th St & Eighth Avenue	$ 34	3,300	$ 9,212
Seventh Ave & West 30th Street	$ 35	3,800	$ 11,083
W 38th St & Between West 37th Street	$ 39	2,700	$ 8,775
Eighth Ave & West 36th Street	$ 40	5,800	$ 19,575

Address	$ / SF	SF	Monthly Rent
W 35th St & Seventh Avenue	$ 36	2,300	$ 6,804
W 38th St & Eight Avenue	$ 36	2,100	$ 6,380
W 39th St & Eighth Avenue	$ 40	1,600	$ 5,266
Eighth Ave & West 36th Street	$ 38	1,600	$ 5,066
W 32nd St & Ninth Avenue	$ 50	1,800	$ 7,500
W 35th St & Between West 35th Street	$ 36	2,100	$ 6,387
W 32nd St & Broadway	$ 43	2,100	$ 7,525
W 37th St & Ninth Avenue	$ 37	1,900	$ 5,920

Retail Spaces for Rent at 501 Seventh Ave

Retail Spaces
Sublease

Rent Retail 501 Seventh Ave

$ / SF	SF	Monthly Rent
Negotiable

$ / SF	SF	Monthly Rent
Negotiable

Tenants
Nearby Tenants

Office Tenants Rented / Leased 501 Seventh Avenue

Vanderweil Engineers leased 3,143 SF
Vanderweil Engineers leased 2,620 SF
Bebert Limited leased 2,752 SF
Goodman Co., Ltd. leased 1,344 SF
Beach Patrol Inc. leased 5,438 SF
Warnaco Group Inc. leased 14,337 SF
Raj Manufacturing Inc. leased 4,500 SF
LSV Worldwide leased 11,000 SF
Gottex leased 12,000 SF
LSV Worldwide Ltd. leased 12,000 SF

Retail Tenants Rented / Leased 501 Seventh Avenue

Maui Onion Poke Bar leased 1,000 SF
Poke leased 1,000 SF
Empire State Realty Trust leased 9,660 SF
Potbelly Sandwich Shop leased 8,397 SF
Chipotle Mexican Grill leased 4,824 SF

Nearby Office Tenants Leased

Pearl Spaces LLC leased 23,500 SF at 500 Eighth Ave
ASI System Integration leased 23,050 SF at 48 West 37th St
North Fork Bank leased 23,000 SF at 1001 Sixth Ave
Pem America, Inc leased 22,574 SF at 70 West 36th St
Aec Reprographics leased 21,660 SF at 42 West 39th St
The New Dance Group leased 21,000 SF at 575 Eighth Ave
blueprint + co leased 20,000 SF at 214 West 39th St
WeWork leased 19,150 SF at 224 West 29th St
Roundabout Atre Compan… leased 18,201 SF at 231 West 39th Street
Gold Medal International leased 17,465 SF at 225 West 37th St

Nearby Retail Tenants Leased

Taco Bell Cantina leased 2,451 SF at 500 Eighth Avenue
Market Crates leased 2,300 SF at 224 West 35th Street
Rock & Soul Electronics leased 2,000 SF at 10 West 37th Street
NY Fashion & Dress Inc. leased 2,000 SF at 261 West 36th St
Republic Clothing Corporation leased 2,000 SF at 1412 Broadway
RadioShack leased 2,000 SF at 1357 Broadway
Rainbow Nail leased 1,940 SF at 1370 Broadway
Pret A Manger leased 1,939 SF at One Penn Plaza
Naturalizer leased 1,935 SF at 1460 Broadway
Baja Fresh leased 1,800 SF at 1441 Broadway

$ / SF	SF	Monthly Rent
Please notify me when a new space is available

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 501 Seventh Avenue. This trend is projected to continue. Opportunities for subleases remain available at 501 Seventh Avenue and in the nearby Penn Plaza/Garment neighborhood.

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Property Summary

501 Seventh Avenue Property Overview

Building Address:	501 Seventh Ave, New York NY 10018
Building Alternate Address:	501 7th Ave
Zip Code:	10018
Neighborhood:	Penn Plaza/Garment
Borough:	Manhattan
Stories:	18
Year Built:	1923
Building Class:	A
Block & lot:	00813-0001

History of 501 Seventh Avenue, Manhattan, NYC

Located at the northeast corner of 37th Street and Seventh Avenue in Manhattan's Garment District, 501 Seventh Avenue is a historic office building completed in 1923. Designed by architect Ely Jacques Kahn, the building rises 18 stories and encompasses approximately 461,209 rentable square feet.

Originally constructed in the early 1920s, 501 Seventh Avenue has undergone extensive modernization to meet the demands of contemporary commerce while preserving its pre-war character. The building features a fully modernized lobby, upgraded elevators and windows, renovated air-conditioned public corridors and restrooms, efficient side-core floor plates, and a new rooftop lounge with indoor and outdoor seating.

As part of Empire State Realty Trust's portfolio, the building has been enhanced with state-of-the-art electrical, plumbing, HVAC, and security systems. It is notable for its sustainability initiatives, including being part of the first portfolio in the Americas to be WELL Certified by the International WELL Building Institute. The building is fully powered by renewable wind energy and has earned recognition such as the 2024 ENERGY STAR Partner of the Year Award. These efforts reflect a commitment to energy efficiency, indoor environmental quality, and corporate sustainability goals.

501 Seventh Avenue offers convenient access to mass transit, being a short walk from Penn Station, Port Authority Bus Terminal, Grand Central Terminal, and numerous subway lines, making it a prime location for businesses seeking connectivity across New York City.

501 Seventh Avenue

Address: 501 Seventh Avenue, New York, NY 10018

Neighborhood: Garment District, Manhattan

Borough: Manhattan

Zip code: 10018

Located at the northeast corner of West 37th Street and Seventh Avenue, between Broadway and Seventh Avenue.

Building Overview

501 Seventh Avenue is an 18-story office building with approximately 461,209 rentable square feet of modern office space, originally built in 1923 and last altered in 1989.

The building features a fully modernized lobby, new elevators and windows, renovated air-conditioned public corridors and restrooms, efficient side-core floor plates, and a rooftop lounge with indoor and outdoor seating.

Ceiling heights are approximately 11'4" slab-to-slab and 9'3" slab-to-beam, with floor plates of up to 30,000 rentable square feet and a floor load capacity of 100 lbs. per square foot.

Transportation & Accessibility

Steps from Penn Station, PATH, and just minutes from Port Authority and Grand Central Terminal.

Accessible via 16 subway lines, including A, C, E, 1, 2, 3, 7, B, D, F, M, N, R, Q, and S trains.

Walk Score: 99, Transit Score: 100, Bike Score: 83

Sustainability & Certifications

501 Seventh Avenue is ENERGY STAR certified and fully powered by renewable wind energy.

It is WELL Certified by the International WELL Building Institute and recognized as a Fitwel Champion, featuring high indoor environmental quality to enhance occupant health and productivity.

Goals include a 50% reduction in energy use by 2035.

Nearby Amenities

The surrounding area offers abundant amenities including Madison Square Garden sports and entertainment, shopping, dining, and lodging.

Retailers in the building include Chipotle, Le Café, Club Pilates, A Cut Above, Chop & Go, and Potbelly Sandwich Works.

Building Amenities at 501 Seventh Avenue, Manhattan, NYC

501 Seventh Avenue offers a comprehensive suite of modern amenities designed to enhance tenant comfort, convenience, and productivity in a premier business environment.

Interior Features

Fully modernized lobby providing an upscale and welcoming entrance
New elevators ensuring efficient vertical transportation
New windows that enhance natural light and energy efficiency
Renovated, air-conditioned public corridors and restrooms for tenant comfort
Efficient side-core floor plates maximizing usable office layout

Rooftop and Shared Spaces

New rooftop lounge featuring both indoor and outdoor seating areas
Access to shared campus amenities including:

Town Hall conference space and tenant lounge at 1400 Broadway
Outdoor rooftop lounge at 1333 Broadway

Building Systems and Efficiency

Upgraded building-wide systems incorporating state-of-the-art electrical, plumbing, HVAC, and security technologies
First portfolio in the Americas to be WELL Certified by the International WELL Building Institute, supporting health and wellness
Fitwel Champion status ensures high standards of occupant health and safety
Fully powered by renewable wind energy, underscoring commitment to sustainability
Recipient of the 2024 ENERGY STAR Partner of the Year Award recognizing energy efficiency
Consistent highest ratings for sustainability including Five Stars, A rating, and top GRESB score among Americas’ listed companies

Location and Transportation

Steps from Penn Station providing easy access to national and regional rail networks
Close proximity to Port Authority Terminal and Grand Central Terminal
Convenient access to 16 subway lines including A, C, E, 1, 2, 3, 7, B, D, F, M, N, R, Q, S
Highly rated Walk Score (99), Transit Score (100), and Bike Score (83) indicating excellent neighborhood connectivity

501 Seventh Avenue in Manhattan, NYC, is home to several notable office tenants:

Argo Insurance
PVH Corp.
Universal
Captivate
Carolina Herrera Ltd.
Allied Universal
Duco Technology
Pamella Roland
United Corp Svc Inc

Internet Providers at 501 Seventh Ave, Manhattan, NYC

Located in the Garment District of Manhattan, 501 Seventh Avenue benefits from access to multiple high-speed internet providers offering a range of connection types including fiber, cable, and more.

Verizon Fios: Provides high-speed fiber-optic internet with download/upload speeds up to 2.3 Gbps. Known for fast and reliable fiber service, Verizon Fios is widely available in Manhattan and offers bundled options including phone and TV.
Astound Broadband Powered by RCN: Offers both cable and fiber internet services with speeds up to 1.5 Gbps. Astound is known for competitive pricing and unlimited data plans, covering most parts of Manhattan including the area around 501 Seventh Avenue.
Spectrum: A major cable and fiber provider offering internet speeds up to 1 Gbps. Spectrum provides ubiquitous coverage across Manhattan with no data caps, popular for combining internet with TV and phone bundles.

These providers support high-speed internet suitable for a variety of business needs, including streaming, video conferencing, large file downloads, and more, making 501 Seventh Avenue well-equipped with modern connectivity infrastructure.

501 Seventh Avenue in Manhattan, NYC, offers convenient access to major transportation hubs and is situated near key cross streets. The building is located at the northeast corner of 37th Street and Seventh Avenue. It is just a and the PATH, and a 7-minute walk to the Port Authority Terminal. Additionally, it is steps away from 16 subway lines and approximately 15 minutes to Grand Central Terminal.

Office Tenants Rented / Leased 501 Seventh Avenue

Vanderweil Engineers leased 3,143 SF
Vanderweil Engineers leased 2,620 SF
Bebert Limited leased 2,752 SF
Goodman Co., Ltd. leased 1,344 SF
Beach Patrol Inc. leased 5,438 SF
Warnaco Group Inc. leased 14,337 SF
Raj Manufacturing Inc. leased 4,500 SF
LSV Worldwide leased 11,000 SF
Gottex leased 12,000 SF
LSV Worldwide Ltd. leased 12,000 SF

Retail Tenants Rented / Leased 501 Seventh Avenue

Maui Onion Poke Bar leased 1,000 SF
Poke leased 1,000 SF
Empire State Realty Trust leased 9,660 SF
Potbelly Sandwich Shop leased 8,397 SF
Chipotle Mexican Grill leased 4,824 SF

Nearby Office Tenants Leased

Pearl Spaces LLC leased 23,500 SF at 500 Eighth Ave
ASI System Integration leased 23,050 SF at 48 West 37th St
North Fork Bank leased 23,000 SF at 1001 Sixth Ave
Pem America, Inc leased 22,574 SF at 70 West 36th St
Aec Reprographics leased 21,660 SF at 42 West 39th St
The New Dance Group leased 21,000 SF at 575 Eighth Ave
blueprint + co leased 20,000 SF at 214 West 39th St
WeWork leased 19,150 SF at 224 West 29th St
Roundabout Atre Compan… leased 18,201 SF at 231 West 39th Street
Gold Medal International leased 17,465 SF at 225 West 37th St

Nearby Retail Tenants Leased

Taco Bell Cantina leased 2,451 SF at 500 Eighth Avenue
Market Crates leased 2,300 SF at 224 West 35th Street
Rock & Soul Electronics leased 2,000 SF at 10 West 37th Street
NY Fashion & Dress Inc. leased 2,000 SF at 261 West 36th St
Republic Clothing Corporation leased 2,000 SF at 1412 Broadway
RadioShack leased 2,000 SF at 1357 Broadway
Rainbow Nail leased 1,940 SF at 1370 Broadway
Pret A Manger leased 1,939 SF at One Penn Plaza
Naturalizer leased 1,935 SF at 1460 Broadway
Baja Fresh leased 1,800 SF at 1441 Broadway

Tenants
Nearby Tenants

Office Tenants Rented / Leased 501 Seventh Avenue

Vanderweil Engineers leased 3,143 SF
Vanderweil Engineers leased 2,620 SF
Bebert Limited leased 2,752 SF
Goodman Co., Ltd. leased 1,344 SF
Beach Patrol Inc. leased 5,438 SF
Warnaco Group Inc. leased 14,337 SF
Raj Manufacturing Inc. leased 4,500 SF
LSV Worldwide leased 11,000 SF
Gottex leased 12,000 SF
LSV Worldwide Ltd. leased 12,000 SF

Retail Tenants Rented / Leased 501 Seventh Avenue

Maui Onion Poke Bar leased 1,000 SF
Poke leased 1,000 SF
Empire State Realty Trust leased 9,660 SF
Potbelly Sandwich Shop leased 8,397 SF
Chipotle Mexican Grill leased 4,824 SF

Nearby Office Tenants Leased

Pearl Spaces LLC leased 23,500 SF at 500 Eighth Ave
ASI System Integration leased 23,050 SF at 48 West 37th St
North Fork Bank leased 23,000 SF at 1001 Sixth Ave
Pem America, Inc leased 22,574 SF at 70 West 36th St
Aec Reprographics leased 21,660 SF at 42 West 39th St
The New Dance Group leased 21,000 SF at 575 Eighth Ave
blueprint + co leased 20,000 SF at 214 West 39th St
WeWork leased 19,150 SF at 224 West 29th St
Roundabout Atre Compan… leased 18,201 SF at 231 West 39th Street
Gold Medal International leased 17,465 SF at 225 West 37th St

Nearby Retail Tenants Leased

Taco Bell Cantina leased 2,451 SF at 500 Eighth Avenue
Market Crates leased 2,300 SF at 224 West 35th Street
Rock & Soul Electronics leased 2,000 SF at 10 West 37th Street
NY Fashion & Dress Inc. leased 2,000 SF at 261 West 36th St
Republic Clothing Corporation leased 2,000 SF at 1412 Broadway
RadioShack leased 2,000 SF at 1357 Broadway
Rainbow Nail leased 1,940 SF at 1370 Broadway
Pret A Manger leased 1,939 SF at One Penn Plaza
Naturalizer leased 1,935 SF at 1460 Broadway
Baja Fresh leased 1,800 SF at 1441 Broadway

Argent Trading Testimonial

To Whom it May Concern: I have had the opportunity to work with Optimal Spaces Inc. (specifically, Stephen Sunderland) over the last 18 months. Stephen was hired to find a reasonably priced lease for corporate office space that would support our highly professional environment. I considered this to be a significant challenge since Manhattan was experiencing a severe shortage in available professional space. However, Stephen found a space that exceeded my expectations and that was approximately 15% below current market rates for comparable space. An important aspect of working with Stephen is the level to which I can trust him to act in my best interest. I believe that Stephen possesses in-depth knowledge of the New York City real estate market and is responsive and performs his work in a very professional manner. I am impressed by Stephen's sincere desire to understand his clients' needs. It is clear to me that Stephen is interested un building mutually beneficial business relationships. I am happy to recommend Optimal Spaces Inc. to other growing businesses, and I look forward to working with Optimal Spaces Inc. again. Sincerely, William Levitz President Argent Trading, LLC

🤝 Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords. ⚖️ Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price. 🗂️ Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts. 🐷 Cost Savings: They negotiate rental price and identify/abate "hidden costs."
Why Optimal Spaces – Tenant Broker ✓ No fee for clients renting space. We work for YOU, not the landlord. Save 15–20% on your business costs. Save 100–200 hours of research. Access to all available spaces. Specialized real estate expertise. Alone or with other broker ✕ Miss deals and hard-to-find spaces. Potential conflict of interest (often represent landlords). Only 10% of available spaces are online. Lack of specialized expertise. May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate 1. The Crucial Distinction: Whose Side Are They On? LANDLORD REP (Listing Agent) Fiduciary Duty: LANDLORD (Highest Rent, Best Terms for Landlord) FORLEASE TENANT REP (Tenant Broker) Fiduciary Duty: TENANT ONLY (Lowest Rent, Best Terms for Tenant) LEVELS THE PLAYING FIELD 2. It Almost Always Costs You Nothing 3. Access to “Hidden” Inventory 4. Negotiating Beyond Base Rent Landlord Pays Fee Free Expert Representation Public Websites (Limited/Dated) BROKER DATABASES & NETWORKS (Off-Market, Subleases, Future Availabilities) FREE RENT TI ALLOWANCE (Build-out Cash) OPEX CAPS (Limit Increases) LEASE FLEXIBILITY (Renewal/Expansion Options) 5. Time Savings & Process Management 6. Mitigating Risk (the “Gotchas”) Searching, Scheduling, RFPs Outsourced RE Dept. (Curated Options, Timeline Management) Restoration Clauses Holdover Penalties LEASE PROTECTION Spots Pitfalls in LOI & Lease Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.