Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 515 West 20th Street. This trend is projected to continue. Opportunities for subleases remain available at 515 West 20th Street and in the nearby Chelsea neighborhood.
To Whom It May Concern:
My firm engaged Optimal Spaces when I searched for professional office space in New York City in 2005 and again in 2012 when the first lease expired and we decided to look for better office space in midtown Manhattan. I leased office space at 60 East 42"d Street in 2005 and office space at 122 East 42"d Street in 2012 with Stephen's assistance. When I sold my business to AlixPartners in 2014, I recommended that AlixPartners retain Optimal Spaces to negotiate a termination ofthe lease at 122 East 42"d Street.
I worked very closely with Stephen Sunderland, Senior Managing Director of Optimal Spaces, during both searches for office space as well as during the lease termination process. Stephen is very knowledgeable regarding the Manhattan office market. His advice proved crucial in negotiating two leases and securing the lease termination on favorable terms. He made himself available on short notice to view properties, and he identified a range of lease opportunities in various locations at different price points. I was able to benefit from his expertise to find suitable space without extensive searching.
I would not hesitate to recommend Stephen Sunderland and his firm to anyone who is searching for office space in Manhattan.
Very truly yours,
John D. Finnerty
Managing Principal
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Tenant Representation:
Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service:
Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process:
Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings:
They negotiate rental price and identify/abate "hidden costs."
Why Optimal Spaces – Tenant Broker
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No fee for clients renting space.
We work for YOU, not the landlord.
Save 15–20% on your business costs.
Save 100–200 hours of research.
Access to all available spaces.
Specialized real estate expertise.
Alone or with other broker
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Miss deals and hard-to-find spaces.
Potential conflict of interest (often represent landlords).
Only 10% of available spaces are online.
Lack of specialized expertise.
May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
