Entrepreneurs Priced Out of Manhattan Rental Market Move Offices to Gotham Mini Storage

PRWeb Newswire, February 28, 2014, New York, NY – Manhattan business owners – particularly those who are just starting out – are finding affordable office space from an unlikely source: Midtown’s Gotham Mini Storage.

While most of the mini-storage facility’s commercial clients rent units to keep important business-related information and equipment, many run their businesses from the 140,000-square-foot state-of-the-art building, according to Steve Schwartz, who co-owns Gotham Mini Storage with partner Jack Guttman.

“They’re taking advantage of our lounge, coffee bar and free Wi-Fi, which they have full access to as customers,” Schwartz says. “Of course, the majority of our business clients primarily use storage to keep important business documents and supplies while moving offices or while in transition.”

With average asking rents for Manhattan offices hovering around $64 per square foot, it’s no wonder struggling entrepreneurs are looking toward unconventional (and more cost-effective options) such as Gotham, which was named the 2013 Facility of the Year Conversion Winner by Mini-Storage Messenger magazine, a trade publication for self-storage owners.

“The cost of renting office space can be prohibitive, particularly here in Midtown Manhattan,” explains Schwartz who transformed part of a DHL service building into the gleaming facility, located near some of Manhattan’s busiest neighborhoods including Chelsea, Greenwich Village, West Village, Hell’s Kitchen, Broadway and Times Square.

“We have floor-to-ceiling windows that offer spectacular views of the city skyline,” he notes. “Working here sure beats working at your kitchen table or the local coffee shop.”

Schwartz estimates his renter demographics are split equally between business clients and individuals using their rental units for personal storage.

Gotham Mini Storage is located at 501 10th Avenue, extending the entire block between 38th and 39th Streets. For more information, please visit www.gothamministorage.com or call 646-679-2514.