OXIO had undergone considerable rounds of funding and anticipated a steady expansion over the near term. As a result, they were looking to exit their current shared space and establish their workplace culture in a private office environment. Although timing on a major move was flexible, OXIO preferred to relocate within 4-6 weeks.
The OXIO team was looking for a boutique office space located in the Midtown South and SoHo submarkets. The space needed to be built, furnished, and wired for immediate occupancy.
Our team was able to secure a space with high-ceilings, large front-facing windows, a glass conference room, and an open area for roughly 15 employees. The space was an ideal candidate and was on the market for less than 24-hours prior to our team submitting an offer.
Typically, newly renovated space with furniture often comes with a hefty price tag. Due to the speed of the execution, we were able to secure a below-market rent for the OXIO team. Although the plan was to sign a one to two-year lease, OXIO decided it was best to sign a 3-year deal with an extension option to secure the advantageous deal terms we negotiated.
Moved May 2020
Headcount Size: 15 to 30
Private Office Space
Flatiron, New York
Total Funding: $6.6
It’s never too early to see what’s on the market. Let us know you’re interested, and our team will reach out.