Insider’s Guide to Renting an Office in Tribeca

Tribeca is one of the trendiest and fastest-growing areas in New York City. Located in the heart of Lower Manhattan, Tribeca (sometimes written as “TriBeCa”) is famous for its trendy loft apartments, high-end boutiques, and lively business atmosphere. A generous assortment of luxury hotels and an annual film festival also make Tribeca their home. So, should you consider renting an office in Tribeca?

Needless to say, a neighborhood of this caliber has its share of professionals living and working amongst the buildings that line the streets. If you would like to be one of them, prepare yourself to navigate one of the country’s toughest real estate markets. 

Here’s everything you need to know before you take the leap. 

Virtual Office Space in Tribeca

Virtual office space is theoretically designed for freelancers and professionals who want a business address and phone number, but don’t need an actual office. For instance, if you’re a graphic designer, you can work from your living room, but a business mailing address can make you look significantly more professional.

While a virtual office won’t change the location you physically work in, it does allow you to give the appearance that you have a prestigious mailing address in the heart of Tribeca. Not only can they handle your mail and phone calls, but often you will have an option to rent out the conference room on an hourly basis for any big meetings. 

Coworking Space in Tribeca

Coworking spaces are set up for people to work together in a physical environment. In other words, you are in a big room with several other people just like you. While these types of spaces can be less expensive, they do come with their own challenges. 

The biggest issue that comes with a coworking space is the lack of privacy. If the person sitting at the desk next to you spends their day on the phone or talking with other people in the room, prepare yourself to spend much of the day distracted. 

Another challenge with coworking space these days is the health issue that has come to play such a big role in our lives since COVID-19 became a concern. In most coworking spaces, you are in a big open room with different people each day sitting at different desks. Everything is shared. And with that, you could be putting yourself and your family at risk.

If you do choose to work out of a coworking space, keep in mind that you may not be allowed to invite visitors such as your clients and customers. And if you can, there may be an additional fee to rent out a temporary private space for your meeting. 

While there are several coworking spaces in the Tribeca area that are nice, they are probably better for someone looking to escape their home office for a few days instead of a professional looking for a place to spend their 40-hour workweek.

Shared Office Space in Tribeca

Shared office space works a lot like coworking space, however, there are a few more options. While you still have a room full of desks, you also have the option to rent out a private office or conference room. Shared offices tend to have more amenities as well. 

But that doesn’t leave shared office space without its challenges.

When you have a big open area with random people using the desks, printers, fax machines, coffee maker, and whatever additional amenities the place offers, you put yourself at risk. Because not only do you have a lot of different people touching the things you are touching, because of the open-door policy, it makes contact tracing nearly impossible. 

Similar to coworking space, this option is ideal for someone who perhaps needs more of an escape from their home office. Although, if they are able to get a private office, it is probably the better option. 

Executive Office Space in Tribeca

Another option that you might want to consider is Executive Office Space in Tribeca. Or sometimes referred to as Private Office Space. This is a higher-end option that often gives you a private office in a Class A building. 

Executive office space solves many of the issues that plague the other options. By having your own private office, you are free from worry as to who was sitting at your desk hours earlier. Or who might be sitting next to you. Or whether you will be distracted by someone spending their day chatting on the phone.

In addition, because the location is made for private offices, there tends to be a higher level of amenities. Plus, you don’t have to worry about different people walking in and out every day. Executive office space tends to have the same people there each day since it is a more stable and longer-term environment. 

This option is ideal for executives, lawyers, accountants, and other professionals. Plus, if you have a small team, they can usually accommodate them as well. 

Renting an Office in Tribeca

Perhaps one of the best benefits of renting an office in Tribeca is its accessibility. For attorneys, the New York State Supreme Court and Federal District Court are both inside the neighborhood, as is the US Federal Building. And if you work in the financial sector, Wall Street is less than 15 minutes away. 

Access to the rest of Manhattan is almost as convenient. You can reach the entire island in half an hour or less via subway. In addition to the A, C, E, N, Q, R, 1, 2, and 3 trains, there are 26 bus lines servicing Tribeca. Inter-city train service is easily available from Grand Central Terminal, which can be reached in under 30 minutes.

Prefer not to use the subway? As in most of Manhattan, taxis are plentiful, and short distances are easily walkable. 

Schedule a Tour of Your Next Office

When you’re ready to start your search for your new place to work, Bevmax Office Centers operates a Tribeca and SoHo office space with a full array of amenities. Our building at 40 Worth Street occupies an entire city block, and houses 77 fully-furnished offices, in addition to a 30-seat conference room and an oversized 50-seat “Team Room.”

Amenities include mail service, phone service, a reception desk, and a break room with continental breakfast and Starbucks coffee. And to be perfectly honest, you can’t put a price tag on the spectacular view. 

Book a tour today, and discover the difference an executive private office has to offer.