Optimal Spaces Inc. | New York City Commercial Real Estate Broker
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There are also brief descriptions of the neighborhoods so that you can get a better sense of where your company should be located when you are ready to Rent Office New York New York City Retail, Office and Industrial Market Report Read what satisfied clients say about their experience with Optimal Spaces Inc. Frequently asked real estate questions We are currently hiring experienced licensed Real Estate Sales people and Brokers with backgrounds in sales, retail and office leasing


January 2002 : Manhattan Office Space Update

Rental prices continue to moderate with more free rent and work being offered. Over the past month negotiated rents have fallen by 5-10%.
Landlords are very aggressive in making deals with desirable companies.

Incentives are now available from State and City Government for businesses to relocate or renew leases in downtown Manhattan.



 MANHATTAN CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total
Manhattan Office A 10,125,675 7,714,883 17,840,558
Total Market 28,201,549 13,619,264 41,820,813
 
 
MANHATTAN CLASS A OFFICE VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total
Manhattan Office A 24,749,297 11,132,678 35,881,975
Total Office A 46,281,576 18,357,507 64,639,083