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< Back From Vacancy to Vibrancy: The Story of 202 W 40th Street Three years after the pandemic, 202 W 40th Street in Manhattan's Garment District was at a crossroads. The individual building was 50% vacant, and the landlord faced a barrage of underwhelming offers — low to mid-$20s per square foot — primarily from tenants in non-preferred uses like event spaces. Traditional brokers had cycled through, but the building's potential remained untapped. The challenge was clear: the landlord couldn’t afford to reinvest heavily into the property, so the solution had to be strategic, not expensive. That’s when REQCE stepped in and transformed the building’s future. Rather than chasing any tenant willing to sign a lease, REQCE redefined the building’s market positioning. A targeted strategy was put in place to attract high-quality, creative tenants — fashion labels, photography studios, marketing agencies, design firms — businesses that not only elevated the building’s profile but also commanded higher rents. The results were striking. Within six months, REQCE successfully leased the entire building at an average rent of $37+ per square foot — a 48% increase from the offers the landlord was previously receiving. Key Metrics: Vacancy Rate: Dropped from 50% to 0% in 6 months Rental Rates: Increased from $25 PSF to $37+ PSF (48% growth) Floor Plates: Ranging from 500 SF to 3,000 RSF Landlord Concessions: Minimal free rent, no landlord work, zero TI allowances Leasing Performance: Before vs. After Metric Before After Change Vacancy Rate 50% 0% -50% Average Rent (PSF) $25 $37+ +48% Free Rent Negotiable Minimal Optimized TI Allowances Negotiable None Eliminated The building’s flexible floor plates, ranging from 500 square feet to 3,000 rentable square feet (RSF), allowed for a curated tenant mix that reshaped 202 W 40th Street into a dynamic hub of creativity and business. Importantly, these deals were structured to be highly profitable for the landlord — with minimal free rent, no landlord work, and zero TI allowances. Today, 202 W 40th Street stands as a case study in strategic leasing — proof that the right positioning and market approach can elevate a property’s value without the need for heavy reinvestment. For more information about how similar results can be achieved for your property, contact us through our form. Contact Us Follow: Project Gallery Previous Next

< Back Pearl Realty Management: Redefining Brooklyn’s Workspace Landscape Since its founding in 2008, Pearl Realty Management has played a pivotal role in shaping Brooklyn’s commercial real estate market. Anchored in the historic DUMBO neighborhood, Pearl Realty has expanded its presence across Greenpoint, Williamsburg, Red Hook, Downtown Brooklyn, and Long Island City, creating a diverse portfolio of flexible workspaces, retail spaces, and large-scale industrial properties. Through companies like Green Desk, BK Venues, and Seret Studios, Pearl Realty has transformed underutilized spaces into thriving business hubs. REQCE’s Partnership with Pearl Realty REQCE has been a key partner in helping Pearl Realty identify and secure high-quality office, retail, and experiential end users across its portfolio. This collaboration has strengthened Pearl Realty’s ability to attract innovative businesses and dynamic tenants, further enhancing the value of its properties. Transforming Industrial Spaces into Retail Destinations In DUMBO and Greenpoint, REQCE has introduced innovative retail concepts and repositioned older industrial buildings to attract high-profile tenants. A standout achievement was securing the flagship lease for Padel Haus at 236 Plymouth Street , a 30,000-square-foot facility that brought the rapidly growing sport of padel to the heart of Brooklyn. BK Venues: Elevating Cultural Events Through BK Venues, Pearl Realty has curated an impressive portfolio of event spaces, REQCE brought a handful of high-profile cultural experiences. One notable success was securing the Frida Kahlo Immersive Biography, the first of its kind in the United States, created by the same team behind the acclaimed Van Gogh exhibition. Work With Us: For more information on how we collaborate with visionary landlords like Pearl Realty, contact us . Follow: Project Gallery Previous Next

< Back 169 W 85th St Office Price: $12,000 Tenant: Landlord: Brusco Management OHLA USA SQFT: 2,200 SQFT Location: 169 W 85th St, New York, NY 10024, USA Let's Find Your Space Whether you're launching a storefront, expanding your warehouse, or upgrading your office—REQCE delivers space that fits your brand, budget, and goals. Find Your Space

< Back 18 Bridge St Office Price: $3,000 Tenant: Landlord: Independent Ownership Independent Operator SQFT: 1,200 SQFT Location: 18 Bridge St, Brooklyn, NY, USA Let's Find Your Space Whether you're launching a storefront, expanding your warehouse, or upgrading your office—REQCE delivers space that fits your brand, budget, and goals. Find Your Space

< Back The Pottery Studio Opens Its Doors in Gowanus Brooklyn’s vibrant Gowanus neighborhood is about to become even more dynamic with the arrival of The Pottery Studio, an iconic ceramic studio that has captivated creatives since its founding in Los Angeles. On September 1, 2024, The Pottery Studio secured a lease for its first Brooklyn location at 43C 9th Street, a move that signifies its continued growth and commitment to fostering creativity. About the Lease Address: 43C 9th Street, Brooklyn Square Footage: 10,000 SF Landlord: LHR Group This expansive 10,000-square-foot space will provide The Pottery Studio with the perfect environment to house its comprehensive offerings, including 24-hour memberships, pottery classes for all skill levels, and community-building events. The new studio is poised to become a creative hub, drawing artists, hobbyists, and ceramic enthusiasts from across the borough and beyond. About The Pottery Studio The Pottery Studio has established itself as a beloved destination for ceramic artistry, combining hands-on workshops with an inclusive community spirit. With eight successful locations across the United States, the Brooklyn studio marks their ninth expansion and their first in New York. Known for their accessible and inspiring approach to pottery, they welcome everyone—from beginners to seasoned artisans—to explore the art of ceramics in a supportive environment. Why Gowanus? Gowanus, known for its industrial charm and burgeoning arts scene, offers the ideal setting for The Pottery Studio’s Brooklyn debut. The neighborhood’s creative energy and diverse community align perfectly with the studio’s mission to make pottery an enriching and accessible experience for all. The new location at 43C 9th Street situates The Pottery Studio at the heart of a thriving cultural corridor, ensuring its place as a key player in the area’s artistic landscape. A Collaborative Effort This lease agreement, facilitated by REQCE Commercial, highlights a harmonious collaboration between The Pottery Studio and LHR Group. Our expertise in commercial real estate played a pivotal role in securing a location that meets the studio’s operational needs while enhancing Gowanus’s artistic ecosystem. With its grand opening just around the corner, The Pottery Studio’s Gowanus location is set to inspire and nurture creativity, offering Brooklyn residents a new space to craft, connect, and create. Stay tuned for the launch of this exciting new chapter in New York’s art and design community. Follow The Tenant https://www.instagram.com/the.pottery.studio/ Follow: Project Gallery Previous Next

< Back 251 Pearl St Land Price: $10,000 Tenant: Landlord: William Gottlieb Management Metropolis Parking SQFT: 5,000 SQFT Location: 251 Pearl St, New York, NY 10038, USA Let's Find Your Space Whether you're launching a storefront, expanding your warehouse, or upgrading your office—REQCE delivers space that fits your brand, budget, and goals. Find Your Space

< Back Padel Haus Brings Premier Padel Experience to DUMBO DUMBO, Brooklyn, continues to be a hotspot for innovation and recreation, and now it’s home to the first U.S. location of Padel Haus (@PadelHaus) . On April 14, 2023, REQCE Commercial played a pivotal role in brokering the lease agreement for this exciting new sports and lifestyle venue at 236 Plymouth Street , marking the latest addition to Brooklyn’s vibrant cultural and sports scene. About the Lease Address : 236 Plymouth Street, DUMBO, Brooklyn Square Footage : 30,000 SF Landlord : Sam Hamway, REQCE Commercial At 30,000 square feet, this state-of-the-art facility will offer a premium experience for enthusiasts of padel , a fast-growing racquet sport that blends elements of tennis and squash. Featuring indoor and outdoor courts, a luxury lounge, and a pro shop, Padel Haus promises to become a central hub for sports lovers in New York City and beyond. About Padel Haus Padel Haus is redefining the way people experience sports and recreation. As the premier padel facility in the United States, the brand offers more than just a place to play—it’s a community where individuals of all ages and skill levels can come together to enjoy the game. With locations in Europe already established as cultural landmarks, Padel Haus is excited to bring its unique concept to Brooklyn, combining world-class facilities with a strong focus on wellness and community engagement. Why DUMBO? DUMBO, with its rich industrial charm and vibrant community, offers the ideal backdrop for Padel Haus’s U.S. debut. The neighborhood’s blend of art, culture, and creative energy aligns seamlessly with Padel Haus’s mission to provide not just a sporting venue but a lifestyle destination. The location also benefits from its proximity to the Brooklyn Bridge and easy access to Manhattan, ensuring that Padel Haus will attract both local players and international visitors. A Successful Collaboration This project represents a significant milestone for REQCE, as we continue to expand our footprint in the sports and recreation industry. Sam Hamway , as the landlord’s representative, worked closely with Padel Haus to secure this prime location, navigating the complexities of the DUMBO market to deliver a solution that benefits both the tenant and the landlord. With Padel Haus opening its doors at 236 Plymouth Street , DUMBO gains a dynamic new destination for both sports enthusiasts and social gatherings. The space is set to offer an unparalleled experience for those looking to engage in one of the fastest-growing sports worldwide, further cementing DUMBO’s status as a leader in cultural and recreational innovation. 🏓 Follow: Project Gallery Previous Next

< Back 67 Jay St Retail Price: $10,000 Tenant: Landlord: Pearl Realty Manangement CBD Wellness Shop SQFT: 2,100 SQFT Location: 67 Jay Street, Brooklyn, NY, USA Let's Find Your Space Whether you're launching a storefront, expanding your warehouse, or upgrading your office—REQCE delivers space that fits your brand, budget, and goals. Find Your Space

< Back BlissBomb Finds Its Sweet Spot in Midtown BlissBomb , known for their irresistible artisanal donuts, has opened a 2,500 SF commercial kitchen at 336 W 37th Street inside the iconic Arts Building . The new kitchen marks a significant step in BlissBomb’s growth, expanding their production capabilities to meet increasing demand. The deal was secured by REQCE Commercial , who identified and negotiated the perfect space to support BlissBomb’s next chapter. The Vision: A Space Built for Growth As demand for their mouthwatering donuts soared, BlissBomb needed a larger, more efficient production space to scale their operations. They sought a location that offered flexibility, functionality, and room for expansion—all while remaining in the heart of Manhattan. Why the Arts Building? ✅ Creative Community: The Arts Building is home to a vibrant mix of businesses, making it a natural fit for BlissBomb’s innovative spirit. ✅ Prime Midtown Location: Centrally located near Penn Station and Hudson Yards, the space offers easy access for deliveries and distribution. ✅ Functional Layout: The 2,500 SF space was ideal for designing a high-performance commercial kitchen. REQCE’s Approach: Strategy Meets Execution REQCE leveraged their deep market knowledge and strong landlord relationships to secure favorable lease terms, allowing BlissBomb to customize the space and position their brand for long-term success. With their new commercial kitchen in the Arts Building, BlissBomb is now poised to increase production, reach new customers, and scale their operations to meet growing demand. This milestone is another sweet success delivered by REQCE Commercial —where vision, expertise, and execution come together to create opportunity. Follow: Project Gallery Previous Next

< Back 185 1st St Office Price: Tenant: Landlord: Independent Ownership Logicus SQFT: 3,500 SQFT Location: 185 1st Ave, New York, NY 10003, USA Let's Find Your Space Whether you're launching a storefront, expanding your warehouse, or upgrading your office—REQCE delivers space that fits your brand, budget, and goals. Find Your Space

< Back 94 9th St - Roulston House Office Price: Tenant: Landlord: Industrie Capital Partners Cairo Cowboy SQFT: 1,500 SQFT Location: 94 9th St, Brooklyn, NY 11215, USA Let's Find Your Space Whether you're launching a storefront, expanding your warehouse, or upgrading your office—REQCE delivers space that fits your brand, budget, and goals. Find Your Space

< Back 147 W 35th St Retail Price: $4,000 Tenant: Landlord: Falcon Properties ASIA YOGA NYC SQFT: 1,200 SQFT Location: 147 W 35th St, New York, NY 10001, USA Let's Find Your Space Whether you're launching a storefront, expanding your warehouse, or upgrading your office—REQCE delivers space that fits your brand, budget, and goals. Find Your Space