November 2008 New York Real Estate Graphs and Statistics

Finding your Ideal Manhattan Office Space or NYC Retail 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:
  • floor plans
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  • covering both the building and exact space

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 8.73 2.25 10.98 6.10 % 6.01 %
Midtown South Manhattan Office Class A 0.62 0.02 0.63 8.30 % 73.06 %
Downtown Manhattan Office Class A 2.39 1.40 3.79 6.00 % 8.36 %
Total Manhattan Office Class A 11.74 3.66 15.40 6.20 % 9.34 %
 
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 18.91 5.80 24.71 11.20 % 6.20 %
Midtown South Manhattan Office Class A 1.18 0.11 1.29 8.96 % 6.34 %
Downtown Manhattan Office Class A 14.11 2.11 16.22 19.75 % 56.48 %
Total Manhattan Office Class A 34.20 8.03 42.23 13.31 % 25.52 %
 
Manhattan Class A Office Vacancy - January 2008

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies increased from 13.97 million RSF to 15.40 million RSF.
  • Total Manhattan Office Market vacancies increased from 24.26 million RSF to 26.52 million RSF.




 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 12.09 2.73 14.82 5.70 % 5.33 %
Midtown South Manhattan Office 5.04 0.58 5.62 7.00 % 17.58 %
Downtown Manhattan Office 4.45 1.64 6.09 6.60 % 7.90 %
Total Manhattan Office 21.58 4.94 26.52 6.10 % 8.51 %
 
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 24.41 6.92 31.33 9.74 % 4.81 %
Midtown South Manhattan Office 7.69 1.33 9.02 9.00 % 4.97 %
Downtown Manhattan Office 17.77 2.52 20.29 16.86 % 47.14 %
Total Manhattan Office 49.86 10.77 60.64 11.18 % 19.00 %


manhattan office space rent or lease - January 2008

Manhattan Office Vacancy Market

  • Total Manhattan Office direct lease vacancy increased from 20.03 million RSF to 21.58 million RSF.
  • Manhattan Office Sublease vacancy increased from 4.23 million RSF to 4.94 million RSF.

rent manhattan office space by area - January 2008

Manhattan Office Rent Vacancy by Area

  • Total Manhattan Office Market vacancy increased from 24.26 million RSF to 26.52 million RSF.
  • Total Midtown Office vacancy increased from 14.03 million RSF to 14.82 million RSF.
  • Total Midtown South Office vacancy increased from 4.63 million RSF to 5.62 million RSF.
  • Total Downtown Office vacancy increased from 5.61 million RSF to 6.09 million RSF.


manhattan midtown office space rent - January 2008

Midtown Manhattan Office Rent

  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 11.77 million RSF to 12.09 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.25 million RSF to 2.73 million RSF.


manhattan midtown south office space for lease - January 2008

Midtown South Manhattan Office Rent

  • Total vacant Office Direct Space in Midtown South Manhattan increased from 4.21 million RSF to 5.04 million RSF.
  • Midtown South Manhattan Sublease vacancies increased from 0.42 million RSF to 0.58 million RSF.


Manhattan Downtown Office Space Rent - January 2008

Downtown Manhattan Office Rent

  • Total Downtown Manhattan Office Direct Lease Space increased from 4.04 million RSF to 4.45 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies increased from 1.57 million RSF to 1.64 million RSF.




 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.27 0.01 0.28 1.40 % 11.19 %
Midtown South Manhattan Retail 0.57 0.01 0.58 2.90 % -4.48 %
Downtown Manhattan Retail 0.13 0.01 0.14 2.70 % -17.95 %
Total Retail 0.97 0.02 0.99 2.20 % -1.96 %
 
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 0.49 0.10 0.59 2.82 % 27.61 %
Midtown South Manhattan Retail 1.15 0.02 1.17 5.23 % 2.56 %
Downtown Manhattan Retail 0.19 0.01 0.20 3.53 % 19.41 %
Total Retail 1.84 0.13 1.97 4.00 % 11.85 %


Manhattan retail space for rent- January 2008

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 0.25 million RSF to 0.28 million RSF.
  • Midtown South Retail space vacancies decreased from 0.61 million RSF to 0.58 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.14 million RSF.




  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.19 0.00 0.19 4.00 % 0.00 %
Midtown South Manhattan Industrial 0.11 0.24 0.35 5.70 % 1.14 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.30 0.24 0.55 4.60 % 0.73 %
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 0.19 0.00 0.19 3.87 % 0.00 %
Midtown South Manhattan Industrial 0.53 0.24 0.77 11.40 % 1.04 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.72 0.24 0.96 7.60 % 0.83 %
 


New York Rent Industrial Space - January 2008

Manhattan Industrial Rent Vacancy

  • Total Manhattan Industrial Vacant Space increased from 0.54 million RSF to 0.55 million RSF.
  • Midtown vacancy stayed at 0.19 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.35 million RSF.






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