Prepared for Brellium · Exit & Expansion · Q3–Q4 2026

The next stage for Brellium takes shape.

You audit every chart and protect every dollar for 250,000+ providers. As the team grows, here's a clear look at the market, the timing, and 10 spaces worth knowing about.

16,175 SFToday · 475 PAS, Fl. 3
10 spaces8 value · 2 scale
$40/SFBest value · Hudson Square
Q3–Q4 '26Decision window
Explore the strategy ↓
3.2%
Trophy Midtown availability, historically tight
+60%
Midtown South leasing, quarter-over-quarter
22.1%
Of tech/media demand is now AI firms
79.7%
Of 2026 leasing is going Class A
01Where Brellium stands today

A natural moment to look at what's next.

Brellium is on the entire 3rd floor at 475 Park Avenue South, a 1970 Murray Hill tower that has served the team well. With the sublease horizon (Oct-26) coming into view, it's worth a clear look into the current market environment.

Current footprint

475 Park Avenue South

Entire 3rd Floor · Murray Hill · Class A (1970, renov. 2014)
16,175 SF
Full floorplate
~$53–58/SF
Submarket comp range
35 floors
Cohen Brothers asset
6 train
33rd St at the door
  • A

    The market is shifting.

    Manhattan is steadily converting older office stock: 3.9M SF since 2020, with another 16.7M SF committed. It's a good moment to understand how the options are changing.

  • B

    The best space moves first.

    Efficient blocks with great light, modern systems, and real amenities are the first to lease. Seeing them early simply keeps every option open.

  • C

    An address that fits the team.

    Park Avenue South, Flatiron, Union Square, and Hudson Square are where the AI and growth community is clustering. A natural home for an AI-forward healthtech company.

02The Market · Q1 2026

Quality and scarcity. The split is widening.

Q1 2026 was the strongest first quarter for new leasing since 2014, and the gains aren't evenly spread. Demand is concentrating in the best product, and the corridors Brellium would want are tightening the fastest.

~14.8%
Manhattan availability
Compressed further by quarter-end, down materially year over year.
8.8 MSF
Active tech / media demand
22.1% attributed to AI firms alone, Brellium's cohort.
6.4 MSF
In 100K+ SF deals
14 mega-leases, conviction across sectors.
16.7 MSF
Conversion pipeline
Office stock being removed from the denominator entirely.

Where Brellium belongs: "Unicorn Lane" & its neighbors

Q1 2026 availability by submarket. Lower means tighter supply.
Flatiron
10.9%
Midtown Avg
13.0%
Grand Central
13.2%
Union Square
14.3%
Manhattan Avg
14.9%
Park Ave South
15.3%
Midtown South
17.4%
Hudson Square
20.1%
Hudson Square runs looser on headline availability, which is exactly why a furnished Class A floor there can be had at a deep discount before the corridor tightens with it.
03The Value Thesis

Premium space, below the curve.

Here is the live market plotted by asking rent. All ten of Nomad's picks, eight right-sized value plays plus two larger scale plays, sit below the $78/SF market mean. The ★ marks 330 Hudson, the lowest price-per-foot on the board. Hover over any point for additional details, and click on a purple marker to access the corresponding brochure.

Market comp · by building
Nomad value play (click to open)
★ Scale play · 330 Hudson
Distribution of asking rents across Midtown South / Flatiron / Union Square · one point per building (same-asset duplicate floors merged)
10 / 10

Every Nomad pick, eight value plays and two scale plays, prices below the market mean by catching sublease timing, repositioning, and motivated landlords.

~19%

Average discount of the eight right-sized plays versus the $78/SF market mean, redeployable into buildout or headcount.

$40–$78

The full ask range, from 330 Hudson's furnished Class A scale floor at $40/SF (about 54% below its submarket) to a brand-new Union Square installation at $78/SF.

04The Shortlist

Eight spaces worth touring.

Ranked by value (asking $/SF). Click any card to open the full brochure: floor plan, photography, specs, and terms.

The Scale Plays · room to grow

And two spaces to grow into.

Two larger Class A floors for a team scaling up, so one move can do the work of two. 330 Hudson is the deepest value on the board, and 5 Penn pairs a strong Class A price-per-foot with a trophy Penn District address across from MSG.

05The All-In Math

Built around the number your board approves.

With leases representing one of the larger fixed commitments a business will make, these decisions typically require board approval, where the conversation centers on total occupancy cost and a true projected value that can be properly underwritten over the course of the lease term. Every space below is ranked by total rent from a Nov 1, 2026 start, subleases held to their locked end dates and direct deals modeled at a 3 to 5 year term. The aim is simple: provide a solution that works operationally for the team today, scales with future headcount, and present economics that can be confidently greenlit.

CommenceNov 1, 2026
Sublease free rent
2 mo
Direct term
Show
Bars show total rent over the term, ordered low to high. Net effective $/SF is shown at right. Direct deals modeled at about one month free per year of term. Figures use asking gross rents and exclude electric and escalations. 330 Hudson highlighted.
06 · See it all in one place

Every space, side by side, on one interactive map.

From Hudson Square to Park Avenue South, see all ten spaces mapped across the corridors Brellium would want, with pricing, floorplates, and neighborhood at a glance. It's the fastest way to picture where the team could land next.

Check out the full Map Overview →
Walkable corridors · live pricing · every brochure one click away