New York, NY -- (SBWIRE) -- 06/17/2019 -- Manhattan Office: Strong office demand decreased vacancy by 890,000 RSF last month. Space availability was down in Midtown, Midtown South, and Downtown while asking rents crept higher.

Manhattan Retail: Retail demand was moderate with demand coming from Gyms, schools, and clothing. Expect to see continued downward pressure on rents until vacancy returns to a new normal.

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.

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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.

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