May 2010 NYC Real Estate Graphs and Statistics

Finding your Ideal New York Office Space For Rent

Finding the ideal manhattan office space or retail space is critical for your business to be successful in New York. As NYC Tenant Brokers, we are your partner helping to meet the changing needs of your businesses as it grows and evolves, demanding more space.

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Rent Midtown Retail Spaces Lease Manhattan Retail Space     Lease Midtown Retail Spaces Rent Manhattan Office Space
 MANHATTAN CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Class Office Class A 13.39 3.11 16.49 9.10 % -2.41 %
Midtown South Manhattan Office Class A 0.98 0.16 1.14 10.50 % 11.32 %
Downtown Manhattan Office Class A 3.57 1.13 4.70 7.40 % -4.91 %
Total Manhattan Office Class A 17.93 4.40 22.34 8.80 % -2.24 %
 
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 22.02 8.86 30.88 13.87 % -1.38 %
Midtown South Manhattan Office Class A 1.73 0.43 2.16 14.38 % 5.09 %
Downtown Manhattan Office Class A 12.19 2.00 14.20 17.17 % -21.29 %
Total Manhattan Office Class A 35.95 11.29 47.23 14.75 % -7.06 %
 
May 2010 Manhattan Class A Office Vacancy

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies decreased from 22.84 million RSF to 22.34 million RSF.
  • Total Manhattan Office Market vacancies decreased from 36.32 million RSF to 35.48 million RSF.




 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 18.36 3.53 21.89 8.10 % -2.54 %
Midtown South Manhattan Office 5.86 0.81 6.67 7.80 % 0.93 %
Downtown Manhattan Office 5.61 1.32 6.93 7.20 % -4.94 %
Total Manhattan Office 29.82 5.66 35.48 7.90 % 0.00 %
 
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 30.64 10.46 41.10 12.59 % -1.73 %
Midtown South Manhattan Office 10.24 2.12 12.35 11.72 % 2.05 %
Downtown Manhattan Office 16.45 2.48 18.94 15.86 % -15.88 %
Total Manhattan Office 57.33 15.06 72.39 13.13 % -4.78 %


May 2010 manhattan office space rent

Manhattan Office Vacancy Market

  • Total Manhattan Office direct lease vacancy decreased from 30.35 million RSF to 29.82 million RSF.
  • Manhattan Office Sublease vacancy decreased from 5.97 million RSF to 5.66 million RSF.

May 2010 rent manhattan office space by area

Manhattan Office Rent Vacancy by Area

  • Total Manhattan Office Market vacancy decreased from 36.32 million RSF to 35.48 million RSF.
  • Total Midtown Office vacancy decreased from 22.44 million RSF to 21.89 million RSF.
  • Total Midtown South Office vacancy increased from 6.61 million RSF to 6.67 million RSF.
  • Total Downtown Office vacancy decreased from 7.27 million RSF to 6.93 million RSF.


May 2010 Midtown Manhattan Office space rent

Midtown Manhattan Office Rent

  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.57 million RSF to 18.36 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.87 million RSF to 3.53 million RSF.


May 2010 Midtown South Manhattan office space for lease

Midtown South Manhattan Office Rent

  • Total vacant Office Direct Space in Midtown South Manhattan decreased from 5.93 million RSF to 5.86 million RSF.
  • Midtown South Manhattan Sublease vacancies increased from 0.68 million RSF to 0.81 million RSF.


May 2010 Downtown Manhattan Office Space Rent

Downtown Manhattan Office Rent

  • Total Downtown Manhattan Office Direct Lease Space decreased from 5.85 million RSF to 5.61 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies decreased from 1.42 million RSF to 1.32 million RSF.




 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.32 0.01 0.33 1.90 % 0.91 %
Midtown South Manhattan Retail 0.60 0.00 0.60 2.40 % -4.25 %
Downtown Manhattan Retail 0.10 0.01 0.11 1.70 % -22.94 %
Total Retail 1.02 0.02 1.04 2.20 % -4.58 %
 
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 0.11 0.79 4.14 % 2.65 %
Midtown South Manhattan Retail 1.22 0.06 1.27 4.46 % 0.86 %
Downtown Manhattan Retail 0.34 0.01 0.34 4.43 % 6.40 %
Total Retail 2.24 0.18 2.41 4.35 % 2.24 %


May 2010 Manhattan retail space for rent

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.08 million RSF to 1.04 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.33 million RSF.
  • Midtown South Retail space vacancies decreased from 0.63 million RSF to 0.60 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF.




  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.08 0.00 0.08 1.70 % 1.30 %
Midtown South Manhattan Industrial 0.06 0.24 0.30 4.40 % 2.34 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.14 0.24 0.38 3.10 % 2.13 %
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 0.27 0.25 0.52 10.51 % 0.19 %
Midtown South Manhattan Industrial 0.14 0.24 0.38 5.54 % -3.40 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % -150.00 %
Total Industrial 0.42 0.49 0.91 7.09 % -1.98 %
 


May 2010 New York Rent Industrial Space

Manhattan Industrial Rent Vacancy

  • Total Manhattan Industrial Vacant Space increased from 0.37 million RSF to 0.38 million RSF.
  • Midtown vacancy stayed at 0.08 million RSF.
  • Midtown South Industrial space vacancies increased from 0.29 million RSF to 0.30 million RSF.


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