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Optimal Spaces in CoStar Article

CoStar Realty Information Inc.

09/24/2003

Amrik Set for Amsterdam Ave

Furniture Store Opening Up By Jessica Townsend

Amrik Furniture, a furnishing and fine rugs store, will move to 170 Amsterdam Ave. It leased 8,000 square feet on the ground floor and 10,000 square feet in the basement for a total of 18,000 square feet. It signed a lease through June 2006. Steve Sunderland of Optimal Spaces, Inc. represented Amrik. Christine Emery of Lansco Corp. represented the landlord.

Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

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