Optimal Spaces - NYC Commercial Real Estate Broker

There were huge canyons of empty retail space that needed to be filled. Landlords and banks were slow to adjust prices which compounded the problem. The Pop Up Store answered the needs of interim needs of retailers and Landlords.

Optimal Spaces announces the February 2011 New York City Office, Retail and Industrial Market Report

Midtown, Midtown South and Downtown have seen companies lock in leases both large and small. Many companies waited as long as they could and had to sign leases, while others tried to time the bottom.

The mood at the International Council of Shopping Centers Convention in Las Vegas was dramatically improved compared to a year ago, when all was lost. Attendance was up over previous years. People were looking to buy distressed debt, only to find out

Manhattan Office and Retail rents are at or near the bottom. However, Landlords are still offering generous concession packages to close leases, especially for larger users. This will not last! Concessions are still the key to grabbing tenants..