June 2009 Manhattan Real Estate Graphs and Statistics

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 MANHATTAN CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Class Office Class A 10.99 3.65 14.65 8.10 % -0.87 %
Midtown South Manhattan Office Class A 0.68 0.03 0.71 10.10 % -8.18 %
Downtown Manhattan Office Class A 2.08 1.48 3.56 5.80 % -3.26 %
Total Manhattan Office Class A 13.75 5.16 18.91 7.60 % -1.59 %
 
MANHATTAN CLASS A OFFICE VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
Midtown Manhattan Office Class A 22.59 10.85 33.44 14.81 % 1.25 %
Midtown South Manhattan Office Class A 1.30 0.27 1.57 10.55 % -1.14 %
Downtown Manhattan Office Class A 12.15 2.32 14.47 17.98 % 2.29 %
Total Manhattan Office Class A 36.04 13.44 49.49 15.41 % 1.48 %
 
Manhattan Class A Office Vacancy - June 2009

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies decreased from 19.21 million RSF to 18.91 million RSF.
  • Total Manhattan Office Market vacancies increased from 31.98 million RSF to 31.92 million RSF.




 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 15.49 4.06 19.54 7.10 % -0.12 %
Midtown South Manhattan Office 5.51 0.78 6.28 7.40 % 1.93 %
Downtown Manhattan Office 4.46 1.63 6.09 6.80 % -2.51 %
Total Manhattan Office 25.46 6.46 31.92 7.10 % -0.17 %
 
MANHATTAN TOTAL OFFICE MARKET VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
Midtown Manhattan Office 30.66 12.58 43.24 13.11 % 2.45 %
Midtown South Manhattan Office 9.66 2.44 12.10 11.71 % 2.13 %
Downtown Manhattan Office 16.93 2.73 19.66 16.51 % 2.45 %
Total Manhattan Office 57.25 17.75 75.00 13.58 % 2.40 %


manhattan office space rent or lease - June 2009

Manhattan Office Vacancy Market

  • Total Manhattan Office direct lease vacancy increased from 25.24 million RSF to 25.46 million RSF.
  • Manhattan Office Sublease vacancy decreased from 6.73 million RSF to 6.46 million RSF.

rent manhattan office space by area - June 2009

Manhattan Office Rent Vacancy by Area

  • Total Manhattan Office Market vacancy increased from 31.98 million RSF to 31.92 million RSF.
  • Total Midtown Office vacancy decreased from 19.57 million RSF to 19.54 million RSF.
  • Total Midtown South Office vacancy increased from 6.16 million RSF to 6.28 million RSF.
  • Total Downtown Office vacancy decreased from 6.25 million RSF to 6.09 million RSF.


manhattan midtown office space rent - June 2009

Midtown Manhattan Office Rent

  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 15.30 million RSF to 15.49 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 4.27 million RSF to 4.06 million RSF.


manhattan midtown south office space for lease - June 2009

Midtown South Manhattan Office Rent

  • Total vacant Office Direct Space in Midtown South Manhattan increased from 5.38 million RSF to 5.51 million RSF.
  • Midtown South Manhattan Sublease vacancies stayed at 0.78 million RSF.


Manhattan Downtown Office Space Rent - June 2009

Downtown Manhattan Office Rent

  • Total Downtown Manhattan Office Direct Lease Space decreased from 4.56 million RSF to 4.46 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies decreased from 1.69 million RSF to 1.63 million RSF.




 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.26 0.02 0.28 1.60 % -3.62 %
Midtown South Manhattan Retail 0.62 0.01 0.63 3.20 % 0.03 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.60 % -7.24 %
Total Retail 1.02 0.03 1.05 2.40 % -1.93 %
 
MANHATTAN RETAIL VACANT SPACES NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.68 0.15 0.83 4.32 % 12.83 %
Midtown South Manhattan Retail 1.49 0.08 1.57 6.93 % 6.62 %
Downtown Manhattan Retail 0.27 0.03 0.30 5.10 % 14.41 %
Total Retail 2.44 0.25 2.69 5.66 % 9.38 %


Manhattan retail space for rent- June 2009

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.07 million RSF to 1.05 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.29 million RSF to 0.28 million RSF.
  • Midtown South Retail space vacancies stayed at 0.63 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.15 million RSF.




  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.02 0.00 0.02 0.40 % 47.95 %
Midtown South Manhattan Industrial 0.08 0.00 0.08 0.90 % 8.00 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.09 0.00 0.09 7.00 % 16.08 %
MANHATTAN INDUSTRIAL VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.20 0.00 0.20 4.19 % 26.87 %
Midtown South Manhattan Industrial 0.25 0.24 0.49 5.73 % 1.64 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 100.00 %
Total Industrial 0.45 0.24 0.69 4.86 % 9.51 %
 


New York Rent Industrial Space - June 2009

Manhattan Industrial Rent Vacancy

  • Total Manhattan Industrial Vacant Space increased from 0.08 million RSF to 0.09 million RSF.
  • Midtown vacancy increased from 0.01 million RSF to 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.07 million RSF to 0.08 million RSF.






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