When a dot.com goes belly up, as many have in the last few months, they can leave a wake of office space behind. Boo.com, one of the early on-line firms to slip beneath the waves, left about 9,000 sf at 435 Hudson St. The company, which sold clothes over the Web, featured a virtual changing room and that allowed customers to examine garments from several angles. Approximately $135 million was spent on the concept. Whether such closing will bring a lot of space to market remains to be seen, but even if it does, most owners will consider it a boon rather than a bust.

Craig Lemle, corporate managing director of Julien J. Studley Inc., which represents the owner of the former Boo.com HQ, says in this market, “I think most owners would like to get space back. If a tenant says ‘I’m thinking of closing my doors,’ the owner says, ‘You won’t have any trouble from me.’ It’s already built and they can lease it out for a higher rent.”

Boo.com was paying in the mid-$20s per sf. Its successor, probably another Internet company, will pay double, Lemle says. He expects the space to be occupied in about a month. “It has open space, a view of the river and the computers are still there,” he adds.

In such cases, tenants benefit because, although their rent will be substantial, they don’t have to spend money on improvements. This is particularly true of high-tech firms, which need expensive communications wiring. Owners profit as well since they have the prior tenant’s security deposit.

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