New York office search·Prepared by Nomad Group·November 2026
Four LOIs. One building to grow into.
01 · The lead option
Three floors in Chelsea, with room to grow into
The premises
The building
The as-built plans
02 · Terms and plan
What we’re asking for, and the plan for the 11th floor
218 West 18th Street · the term sheetThe right column follows the sublet levers below
Other terms in the 218 West 18th LOI
The plan, month by month
Construction, about 2 to 4 monthsMarketing the 11th floorSubtenantPensarPensar’s free months
Model the sublet
How much of the floor a subtenant carries
Sublet rent case
$70$85 per RSF
None4 months
1 year4 years
Apr 2027Feb 2030
The 11th floor, month by month
Sublet rent in, less Pensar’s rent on the 11thBehindAhead
All four LOIs, side by side
The four LOIs, term by term
Each term, from commencement to expiration
03 · The other three
What else is on the table
04 · Where tech is signing
The company you’d keep
Every tech and AI office deal from slide 03 of our Who We Move deck, January 2016 to October 2026, mapped around each address with the subway on top. Logos are sized by square footage. Rings show a 5 and 10 minute walk.
Basemap © OpenStreetMap contributors · Subway: MTA · PATH: Port Authority
Also within ten minutes
Subway at the door
05 · Getting there
Four different commutes
Walk times run from each lobby to the nearest open station entrance at 3 mph along streets and avenues, and are estimates. Station entrances: MTA open data. PATH: Port Authority.
06 · Projections
What each LOI costs over its term
Base rent by lease year from a February 1, 2027 commencement, with free months where each LOI puts them. Pick a space for its full schedule.