About Optimal Spaces - NYC Tenant Broker
At Optimal Spaces, we interact closely with our clients and strive to provide them with valuable commercial real estate options and solutions that will save them both money and time. While most commercial real estate agents in New York City will only work with 50,000 square feet and up, tenants we treat and give all our clients the same attention and dedication in providing them with detailed office, retail, and industrial space listings in new york city, including buildings for sale, and long-term real estate solutions. Although office space listings may be more accessible, buildings for sale in New York City are generally not. This is the case especially on the web, but as committed tenant brokers, we perform custom searches for each of our client's commercial space requirements.
May 2012: New York City Office, Retail and Industrial Market Report
Two large leases kept the quarter out of the doldrums. Viacom, signed a 15-year renewal and expansion through 2031 which will ultimately give the company the entire 1.6 million-square-feet office portion at 1515 Broadway. Morgan Stanley signed the other major lease renewal-and-expansion at 1 New York Plaza for 1.1 million square feet.
April 2012: New York City Office, Retail and Industrial Market Report
Last month's Manhattan office leasing volume was not even 25% of last years. Leasing volumes, to date, annualized for 2012 are about ½ of what they were in 2011. Incentives such as naming rights, terraces and bring your dog to work are now being offered by landlords to get tenants interested...
March 2012: New York City Office, Retail and Industrial Market Report
Tenants are continuing to be slow in making long term decisions, therefore leasing volumes have been quiet for the last few quarters. 6 million square feet of new office inventory wil be coming online this year. This will lead to interesting game of blink as to whether Landlords will lower their rents in order to get deals done.
February 2012: New York City Office, Retail and Industrial Market Report
Office building Developers were overly optimistic that they were going to sign millions of square feet of leases with New York corporations looking to consolidate. With the economy in flux, it is yet to happen.
December 2011: New York City Office, Retail and Industrial Market Report
Office leasing volume tapered off from a strong start at the beginning of the year. This coincided with the recent market gyrations since August. Companies are starting to delay decisions until the stock market volatility lessens.
November 2011: New York City Office, Retail and Industrial Market Report
We have been talking about pending new construction for the last few newsletters. Now it has finally happened. Coach is buying a new building to be constructed as part of Related development on the West Side. Brookfield is also about to start constructing the $300 million deck above the rail tracks. This will dramatically change the neighborhood from fringe to potentially the next Rockefeller Center on the West Side.
October 2011: New York City Office, Retail and Industrial Market Report
Two trends have occurred this month. The 1st is the stock market has been fluctuating widely. The 2nd is office vacancies have started to increase in Midtown and Downtown though office rents have yet to decline.
September 2011: New York City Office, Retail and Industrial Market Report
New construction for both office building and residential is occurring in Manhattan.
August 2011 New York City Office, Retail and Industrial Market Report
Midtown office demand and rents are rising to the point that justifies new office construction. This is due to financial firms relocating to Midtown.
