March 2009 NYC 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 10.45 3.72 14.17 7.40 % 1.06 %
Midtown South Manhattan Office Class A 1.04 0.04 1.07 10.70 % -0.65 %
Downtown Manhattan Office Class A 2.10 1.56 3.67 6.20 % -7.39 %
Total Manhattan Office Class A 13.59 5.32 18.91 7.30 % -0.68 %
 
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 21.26 8.68 29.94 13.41 % 3.84 %
Midtown South Manhattan Office Class A 1.35 0.30 1.65 11.26 % 1.57 %
Downtown Manhattan Office Class A 11.73 2.28 14.01 17.54 % -0.51 %
Total Manhattan Office Class A 34.34 11.26 45.60 14.35 % 2.42 %
 
Manhattan Class A Office Vacancy - March 2009

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies decreased from 19.04 million RSF to 18.91 million RSF.
  • Total Manhattan Office Market vacancies increased from 32.17 million RSF to 31.32 million RSF.




 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 14.80 4.26 19.06 6.90 % 1.03 %
Midtown South Manhattan Office 5.36 0.76 6.12 7.10 % -1.01 %
Downtown Manhattan Office 4.35 1.79 6.14 7.00 % -16.03 %
Total Manhattan Office 24.51 6.81 31.32 7.00 % -2.71 %
 
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 28.36 10.39 38.75 11.86 % 4.66 %
Midtown South Manhattan Office 8.67 2.13 10.80 10.62 % 4.74 %
Downtown Manhattan Office 16.25 2.73 18.98 16.02 % 0.35 %
Total Manhattan Office 53.28 15.25 68.53 12.53 % 3.48 %


manhattan office space rent or lease - March 2009

Manhattan Office Vacancy Market

  • Total Manhattan Office direct lease vacancy increased from 24.41 million RSF to 24.51 million RSF.
  • Manhattan Office Sublease vacancy decreased from 7.76 million RSF to 6.81 million RSF.

rent manhattan office space by area - March 2009

Manhattan Office Rent Vacancy by Area

  • Total Manhattan Office Market vacancy increased from 32.17 million RSF to 31.32 million RSF.
  • Total Midtown Office vacancy increased from 18.87 million RSF to 19.06 million RSF.
  • Total Midtown South Office vacancy decreased from 6.18 million RSF to 6.12 million RSF.
  • Total Downtown Office vacancy decreased from 7.12 million RSF to 6.14 million RSF.


manhattan midtown office space rent - March 2009

Midtown Manhattan Office Rent

  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 14.71 million RSF to 14.80 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 4.16 million RSF to 4.26 million RSF.


manhattan midtown south office space for lease - March 2009

Midtown South Manhattan Office Rent

  • Total vacant Office Direct Space in Midtown South Manhattan increased from 5.32 million RSF to 5.36 million RSF.
  • Midtown South Manhattan Sublease vacancies decreased from 0.86 million RSF to 0.76 million RSF.


Manhattan Downtown Office Space Rent - March 2009

Downtown Manhattan Office Rent

  • Total Downtown Manhattan Office Direct Lease Space decreased from 4.39 million RSF to 4.35 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies decreased from 2.74 million RSF to 1.79 million RSF.




 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.25 0.02 0.27 1.50 % -10.22 %
Midtown South Manhattan Retail 0.70 0.01 0.71 3.70 % 4.09 %
Downtown Manhattan Retail 0.15 0.01 0.16 2.80 % 1.25 %
Total Retail 1.11 0.04 1.14 2.70 % 0.26 %
 
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 0.54 0.10 0.64 3.39 % 0.31 %
Midtown South Manhattan Retail 1.27 0.07 1.34 6.33 % 4.19 %
Downtown Manhattan Retail 0.25 0.01 0.26 4.51 % 1.15 %
Total Retail 2.06 0.18 2.24 4.89 % 2.73 %


Manhattan retail space for rent- March 2009

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space stayed at 1.14 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.30 million RSF to 0.27 million RSF.
  • Midtown South Retail space vacancies increased from 0.68 million RSF to 0.71 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 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 0.50 % -23.53 %
Midtown South Manhattan Industrial 0.07 0.24 0.31 3.80 % -3.24 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.09 0.24 0.33 2.40 % -4.29 %
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 0.14 0.00 0.14 2.81 % 4.43 %
Midtown South Manhattan Industrial 0.24 0.24 0.48 5.58 % -44.77 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % -5,499,999,950.00 %
Total Industrial 0.37 0.24 0.61 4.30 % -35.70 %
 


New York Rent Industrial Space - March 2009

Manhattan Industrial Rent Vacancy

  • Total Manhattan Industrial Vacant Space decreased from 0.34 million RSF to 0.33 million RSF.
  • Midtown vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.32 million RSF to 0.31 million RSF.






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