November 2007 New York Real Estate Graphs and Statistics

Finding your Ideal New York City Space

Finding the ideal office or retail space is critical for your business to be successful in New York City. 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.

We provide comprehensive information on all the locations we present to you, including:
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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 Office Class A 6.53 1.38 7.91 5.30 % 3.21 %
Midtown South Manhattan Office Class A 0.06 0.02 0.08 9.20 % 4.82 %
Downtown Manhattan Office Class A 2.79 0.57 3.36 6.00 % -2.74 %
Total Manhattan Office Class A 9.39 1.97 11.35 5.60 % 1.46 %
 
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 14.86 4.11 18.97 8.69 % 13.00 %
Midtown South Manhattan Office Class A 1.35 0.04 1.39 9.44 % 22.72 %
Downtown Manhattan Office Class A 3.89 1.03 4.91 6.87 % -2.08 %
Total Manhattan Office Class A 20.10 5.17 25.27 8.30 % 10.61 %
 
November 2007 Manhattan Class A Office Vacancy

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies increased from 11.19 million RSF to 11.35 million RSF.
  • Total Manhattan Office Market vacancies increased from 20.08 million RSF to 21.16 million RSF.




 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 9.54 1.83 11.37 4.90 % 0.79 %
Midtown South Manhattan Office 3.71 0.38 4.09 6.30 % 25.63 %
Downtown Manhattan Office 4.91 0.79 5.70 6.80 % -1.07 %
Total Manhattan Office 18.16 3.00 21.16 5.60 % 5.09 %
 
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 20.12 5.10 25.22 7.96 % 6.59 %
Midtown South Manhattan Office 7.00 0.92 7.91 8.08 % 2.45 %
Downtown Manhattan Office 7.35 1.41 8.76 8.03 % -1.02 %
Total Manhattan Office 34.47 7.42 41.89 8.00 % 4.22 %


November 2007 manhattan office space rent or lease

Manhattan Office Vacancy Market

  • Total Manhattan Office direct lease vacancy increased from 17.29 million RSF to 18.16 million RSF.
  • Manhattan Office Sublease vacancy increased from 2.80 million RSF to 3.00 million RSF.

November 2007 rent manhattan office space by area

Manhattan Office Rent Vacancy by Area

  • Total Manhattan Office Market vacancy increased from 20.08 million RSF to 21.16 million RSF.
  • Total Midtown Office vacancy increased from 11.28 million RSF to 11.37 million RSF.
  • Total Midtown South Office vacancy increased from 3.04 million RSF to 4.09 million RSF.
  • Total Downtown Office vacancy decreased from 5.76 million RSF to 5.70 million RSF.


November 2007 manhattan midtown office space rent

Midtown Manhattan Office Rent

  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 9.50 million RSF to 9.54 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.78 million RSF to 1.83 million RSF.


November 2007 manhattan midtown south office space for lease

Midtown South Manhattan Office Rent

  • Total vacant Office Direct Space in Midtown South Manhattan increased from 2.67 million RSF to 3.71 million RSF.
  • Midtown South Manhattan Sublease vacancies stayed at 0.38 million RSF.


November 2007 Manhattan Downtown Office Space Rent

Downtown Manhattan Office Rent

  • Total Downtown Manhattan Office Direct Lease Space decreased from 5.12 million RSF to 4.91 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies increased from 0.64 million RSF to 0.79 million RSF.




 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.22 0.01 0.22 1.50 % 11.82 %
Midtown South Manhattan Retail 0.58 0.13 0.70 5.60 % -0.85 %
Downtown Manhattan Retail 0.07 0.00 0.07 1.90 % -58.82 %
Total Retail 0.86 0.13 0.99 3.30 % -2.02 %
 
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 0.39 0.01 0.41 2.78 % 11.06 %
Midtown South Manhattan Retail 0.90 0.13 1.04 7.55 % -3.86 %
Downtown Manhattan Retail 0.16 0.00 0.16 3.49 % -22.15 %
Total Retail 1.45 0.15 1.60 4.87 % -1.88 %


November 2007 Manhattan retail space for rent

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.99 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.19 million RSF to 0.22 million RSF.
  • Midtown South Retail space vacancies decreased from 0.71 million RSF to 0.70 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.07 million RSF.





  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.10 0.00 0.10 2.90 % -8.82 %
Midtown South Manhattan Industrial 0.08 0.01 0.09 1.60 % -61.80 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.40 % 0.00 %
Total Industrial 0.19 0.01 0.20 2.00 % -32.82 %
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 0.10 0.00 0.10 1.93 % -8.82 %
Midtown South Manhattan Industrial 0.13 0.01 0.14 2.08 % -39.16 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.24 0.01 0.25 1.90 % -26.10 %
 


November 2007 New York Rent Industrial Space

Manhattan Industrial Rent Vacancy

  • Total Manhattan Industrial Vacant Space decreased from 0.26 million RSF to 0.20 million RSF.
  • Midtown vacancy decreased from 0.11 million RSF to 0.10 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.14 million RSF to 0.09 million RSF.






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