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How conference room rentals in NYC
can add to your firm’s bottom line
If your firm leases NYC office space directly from the building’s landlord, consider reducing your office footprint (and thus your overhead) by leveraging conference room rentals from your local shared law office. Your firm may have an occasional need for a large conference room for certain multi-party depositions or closings, or require multiple conference rooms on busy days. However, you may not need the extra space on a regular basis, and law firms can save thousands of dollars in rent over the lifetime of their lease by eliminated just one conference room.
At current market lease rates in Downtown NYC, the lowest monthly cost for maintaining a large conference room is approximately $2,000 per month. Most conference room rentals in Downtown NYC are priced at around $75.00 per hour. For the monthly cost of the extra conference room in your existing office, you can get over 26 hours of conference room time in a shared law office.
Use less than those 26 hours in any given month and the firm will see substantial savings over time.
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