The TreppWire Podcast: A Commercial Real Estate Show

320. From Skyscrapers to Sublets: NYC Leasing Market with Ruth Colp-Haber

14 snips
Apr 8, 2025
Ruth Colp-Haber, President of Wharton Property Advisors and a tenant representation expert, shares her insights on the dynamic New York City office leasing market. She discusses the impact of hybrid work models and the evolving use of office spaces post-pandemic. Ruth also reveals her success in the sublease market during COVID and offers advice for aspiring brokers to build reputation and expertise. The conversation touches on the challenges faced by small businesses and the importance of adaptability in today’s leasing landscape.
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ADVICE

Get a Tenant Rep Broker

  • Every tenant should hire a tenant rep broker, as leases are complex and landlords have profit-driven motives.
  • Brokers advise on strategies and clauses, potentially saving tenants significant money long-term.
ANECDOTE

Fintech Growth Story

  • Ruth Colp-Haber helped a fintech company grow from one employee to needing 150,000 sq ft.
  • This demonstrates the potential for small tenant growth in the NYC market.
INSIGHT

Queen of Sublets

  • Ruth Colp-Haber specializes in subleases, viewing them as opportunities for tenants to get bargains.
  • Subleases are vital for market health, acting as competition for landlords and offering flexibility.
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