Leasing is responsible for identifying and leasing private space for City agency operations on behalf of the City. Leasing’s objective is to negotiate timely, cost-effective leases that satisfy the client agency’s requirements, while conforming to the City’s requirements, policies and procedures. This work is accomplished by in-house staff or by the tenant representative brokers with whom DCAS has contracted. The City has a portfolio of approximately 450 leases for City agencies in privately owned properties totaling over 22 million square feet. Staff are responsible for negotiating these agreements, as well as, renewals, the intake and review of new requests and ensuring compliance with lease terms.
The Leasing group is tasked with acquiring economical, geographically appropriate, operationally efficient, privately leased space which meets the needs of the agencies it serves. In order to successfully accomplish this goal and manage this dynamic portfolio, the Leasing group employs a staff of experienced real estate professionals, and retains the assistance of Tenant Representative firms to lead and manage the leasing process. In conjunction with several other DCAS Lines of Service, we continue to strive to provide the highest quality real estate services to the many agencies of the City of New York.
If you are a landlord with available space that you’d like to lease to the City, please email DCAS Landlord Inquiries.