Professional Services News / Optimal Spaces

Optimal Spaces Announces the July 2019 New York Office and Retail Market

Via: ReleaseWire

Updated 11:18 AM CDT, Thu, July 11,2019

New York, NY -- (SBWIRE) -- 07/11/2019 -- Manhattan Office:

Manhattan Office Rental Market saw an average asking rent increase of 0.7% despite 20.8 million square feet of space in the pipeline and more office developments pending.

Manhattan Retail:

Announced new deals were down substantially from the same period last year. This could be due to signed leases from a year ago for the retail at Hudson Yards opening along with select retailers previously announcing select new locations. Expect pressure on retail rent pricing to continue.

Building Sales:

Expect continued calm as investors await American foreign policy effects and where the fed cuts interest rates.

For the latest market research on New York City commercial real estate, contact Stephen Sunderland. Optimal Spaces releases a monthly analysis of the market, including detailed statistics and graphs.

https://www.optimalspaces.com/market-research/

About Optimal Spaces
Optimal Spaces is an industry leader Tenant Representative firm helping clients looking for office, retail and industrial real estate in New York City. We solely represent our client's interest, unlike most other brokerage firms who represent the landlord's interest. Optimal Spaces offers strategic advice and execution for commercial real estate, corporate brokerage, market research and consulting. Optimal Spaces' brokers are all experts, each with a minimum of ten years in the fields of retail and office. For more information go to our website www.optimalspaces.com.

Media Contact
112 West 34th Street, 17th floor,
New York, NY 10120
Tel : 212.258.2700
Fax : 212.409.8846
Email : sps@optimalspaces.com
Web : www.optimalspaces.com

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Media Relations Contact
Ana Spencer
1-212-258-2700
Email: Click to Email Ana Spencer
Web: http://www.optimalspaces.com