Optimal Spaces in the News

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    • Should NYC Landlords Take a Gamble on Short-Term Leases for Retailers? Should NYC Landlords Take a Gamble on Short-Term Leases for Retailers?
    Footwear News - November 10, 2018
    It’s no secret that New York City retail real estate is a difficult market right now, with empty storefronts a common sight in even the most frequented shopping neighborhoods. While some brokers are praising the popularity of pop-up stores as a means of rejuvenating the market, a recent report by Optimal Spaces argues that these leases are simply obscuring the true vacancy rate in Manhattan.
    Billionaire Shows How Small Buildings in NYC Can Mean Big Money Billionaire Shows How Small Buildings in NYC Can Mean Big Money
    Bloomberg - July 15, 2016
    “It's not overwhelming, it's not overbearing,” Stephen Sunderland, senior managing director of New York real estate brokerage Optimal Spaces, ...
    Stringer eyes city-owned vacant properties to turn into affordable housing for homeless Stringer eyes city-owned vacant properties to turn into affordable housing for homeless
    New York's PIX11 / WPIX-TV - February 18, 2016
    Sunderland is the managing director of Optimal Spaces. He told PIX 11 News in Midtown that for years the city's Housing Preservation and Development was notorious for sitting on lots. ...
    Optimal Spaces Announces The November 2015 New York Office And Retail Market Overview Optimal Spaces Announces The November 2015 New York Office And Retail Market Overview
    The Street - November 16, 2015
    November 2015 New York Office And Retail Market Overview
    Manhattan Office Space Vacancies Rising; NBA Players Assn Leaving Harlem HQ Manhattan Office Space Vacancies Rising; NBA Players Assn Leaving Harlem HQ
    The Bronx Chronicle - November 16, 2015
    Stephen Sunderland. a market research VP at Optimal Spaces, highlighted the a few trends in his analysis of the NYC office market.
    Optimal Spaces Announces the October 2015 New York Office and Retail Market Overview Optimal Spaces Announces the October 2015 New York Office and Retail Market Overview
    Biz Journals - October 16, 2015
    The prime New York Retail market is dead as tenants hold off to Landlords' demands for record rents. Retail demand is strong in up-and-coming areas.
    In aftermath of deadly brick fall, how safe is the city when it comes to debris? In aftermath of deadly brick fall, how safe is the city when it comes to debris?
    New York's PIX11 / WPIX-TV - May 20, 2015
    Sunderland is the managing director of Optimal Spaces, a real estate firm that specializes in tenant representation. The one thing his tenants .
    Optimal Spaces Announces the October 2014 New York Office and Retail Market Overview Optimal Spaces Announces the October 2014 New York Office and Retail Market Overview
    PR Newswire - August 24, 2014
    New York Office vacancies increased slightly in Midtown and Midtown South due to new construction at the Hudson Yards.
    Landmark NYC department stores set to become history Landmark NYC department stores set to become history
    New York's PIX11 / WPIX-TV - January 09, 2014
    As far as the rent prices go, Stephen Sunderland Sr. Managing Director of Optimal Spaces, says that an increase in tourism numbers to record levels has brought more outside money that in return justify corporate haunts like Coffee Bean
    Optimal Spaces: November 2013 New York City Office, Retail and Industrial Market Report Optimal Spaces: November 2013 New York City Office, Retail and Industrial Market Report
    prweb - November 13, 2013
    Optimal Spaces, Inc. has just released their November 2013 Office, Retail and Industrial Market Report for Manhattan. The report gives the reader, both novice and experienced professionals, an overview of the Manhattan commercial Office Retail and Industrial real estate market trends.
    Manhattan’s Midtown is in a real estate crisis. Solution: The Pop-Up Hotel Manhattan’s Midtown is in a real estate crisis. Solution: The Pop-Up Hotel
    4Hoteliers - October 10, 2013
    Data provided by Crain’s New York, Optimal Spaces, and Bloomberg Business Week
    Manhattan's Low-Rent Dining in Hiding Manhattan's Low-Rent Dining in Hiding
    Wall Street Journal - May 13, 2013
    ... says Stephen Sunderland, senior managing director with commercial real-estate broker Optimal Spaces. And most delis are paying far less.
    New pre-school for Park Slope New pre-school for Park Slope
    Real Estate Weekly - February 25, 2013
    Steve Sunderland of Optimal Spaces served as the tenant’s broker for this transaction. The developer represented itself in the lease deal.
    Commercial landscape in Manhattan: a focus on Hudson Yards Commercial landscape in Manhattan: a focus on Hudson Yards
    Frederic Maingois On Real Estate - February 01, 2013
    Similarly to the development of Canary Wharf, Hudson Yard expansion project has a leading developer
    Green Acres Is the Place for Macerich; The Deal Sheet - Commercial Real Estate Green Acres Is the Place for Macerich; The Deal Sheet - Commercial Real Estate
    Bisnow - January 28, 2013
    American Development Group, repped by Optimal Spaces' Steve Sunderland, leased 6,200 SF for 10 years at the condo redevelopment Park Union at 910 Union St in Park Slope and will operate a Mozarts and Einsteins preschool.
    Mozarts and Einsteins Stroll Into Park Slope Mozarts and Einsteins Stroll Into Park Slope
    Commercial Observer - January 25, 2013
    Steve Sunderland of Optimal Spaces represented Mozarts and Einsteins in the transaction. The broker for the landlord, American Development Group, LLC, was not disclosed, but the landlord was represented by an in-house broker.
    Manhattan's Office Market shines, driven by stronger hiring, but vacancy rates remain high overall and will go higher Manhattan's Office Market shines, driven by stronger hiring, but vacancy rates remain high overall and will go higher
    PBT Consulting - April 05, 2012
    Here's what Optimal Spaces says about the Manhattan Commercial Office Market:
    The NY Fed Is Buying Its Own Building - Business Insider The NY Fed Is Buying Its Own Building - Business Insider
    Business Insider - February 28, 2012
    At $357 per square foot (for 558,659 sq. ft.), the Fed got a pretty decent deal, according to Stephen Sunderland, owner of Optimal Spaces Inc., .
    Industrial-strength space demand - Manhattan, Odd Borought Out Industrial-strength space demand - Manhattan, Odd Borought Out
    Crains New York Business - April 18, 2011
    "There's not very much of it to begin with, and there's even less of it over time" said Stephen Sunderland, senior managing director at brokerage Optimal Spaces, referring to Manhattan's industrial property market of about 15 million square feet.
    Property Management Companies Property Managers And Landlords – Pop Up Store Phenomenon Property Management Companies Property Managers And Landlords – Pop Up Store Phenomenon
    Simplifyem - March 11, 2011
    Stephen Sunderland, Senior Managing Director and Founder of Optimal Spaces a Tenant Representative Commercial real estate brokerage firm, has been finding value for retail clients for 27 years. Most recently during the downturn, the pop up phenomenon occurred.
    Whatever: Ironic Clothing Peddler Pens 227 Mulberry Lease Whatever: Ironic Clothing Peddler Pens 227 Mulberry Lease
    Observer - August 24, 2010
    Sal Ferrigno and Richard Gelber of RKF represented the landlord, the Hakimian Organization. The tenant was represented by Karen Spielberger of Optimal Spaces.
    Commercial Real Estate Research Shows Landlords are Loosening Terms Commercial Real Estate Research Shows Landlords are Loosening Terms
    Newswire Today - June 08, 2009
    "Even though asking rents have not fallen dramatically, taking rents have dropped", said Stephen Sunderland, managing director at Optimal Spaces, a New York tenant representative brokerage firm. "There are fewer tenants in the market and if landlords want to complete leases, they have to effectively lower the rents."
    Landlords are Loosening Terms on Leases Landlords are Loosening Terms on Leases
    New York City Commercial Real Estate News - April 15, 2009
    Stephen Sunderland. a market research VP at Optimal Spaces, highlighted the a few trends in his analysis of the NYC office market.
    Fighting rubber ruler measurements Fighting rubber ruler measurements
    The Real Deal - July 01, 2008
    Sometimes reducing charges can be as simple as examining the rent bill closely. Stephen Sunderland, senior managing director of Optimal Spaces, a tenant brokerage, said some landlords make a profit on electricity by charging above what was metered and capital expenses normally borne by landlords sometimes find their way into maintenance charges.
    Find My Space!
    • Green Acres Is the Place for Macerich; The Deal Sheet
    • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
    • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
    • Fighting rubber ruler measurements
    • Manhattan's Low-Rent Dining in Hiding
    • The NY Fed Is Buying Its Own Building

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