September 2009 New York City Real Estate Graphs and Statistics

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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 12.05 3.82 15.88 8.70 % -1.18 %
Midtown South Manhattan Office Class A 0.76 0.03 0.78 10.50 % 9.62 %
Downtown Manhattan Office Class A 2.21 1.62 3.83 6.10 % 3.47 %
Total Manhattan Office Class A 15.02 5.47 20.49 8.10 % 0.10 %
 
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 22.89 10.02 32.91 14.81 % -1.74 %
Midtown South Manhattan Office Class A 1.99 0.25 2.24 14.52 % 0.94 %
Downtown Manhattan Office Class A 11.81 2.41 14.21 18.08 % -0.18 %
Total Manhattan Office Class A 36.69 12.67 49.36 15.61 % -1.17 %
 
Manhattan Class A Office Vacancy - September 2009

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies increased from 20.47 million RSF to 20.49 million RSF.
  • Total Manhattan Office Market vacancies increased from 33.76 million RSF to 33.91 million RSF.




 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 16.55 4.24 20.79 7.60 % -0.89 %
Midtown South Manhattan Office 5.92 0.78 6.70 7.70 % 2.36 %
Downtown Manhattan Office 4.61 1.80 6.41 7.10 % 2.71 %
Total Manhattan Office 27.08 6.83 33.91 7.50 % 0.43 %
 
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 31.43 11.98 43.41 13.21 % -1.18 %
Midtown South Manhattan Office 10.82 2.42 13.24 12.59 % 0.92 %
Downtown Manhattan Office 16.50 2.97 19.47 16.55 % -0.09 %
Total Manhattan Office 58.75 17.37 76.12 13.80 % -0.54 %


manhattan office space rent or lease - September 2009

Manhattan Office Vacancy Market

  • Total Manhattan Office direct lease vacancy increased from 26.81 million RSF to 27.08 million RSF.
  • Manhattan Office Sublease vacancy decreased from 6.95 million RSF to 6.83 million RSF.

rent manhattan office space by area - September 2009

Manhattan Office Rent Vacancy by Area

  • Total Manhattan Office Market vacancy increased from 33.76 million RSF to 33.91 million RSF.
  • Total Midtown Office vacancy decreased from 20.97 million RSF to 20.79 million RSF.
  • Total Midtown South Office vacancy increased from 6.54 million RSF to 6.70 million RSF.
  • Total Downtown Office vacancy increased from 6.24 million RSF to 6.41 million RSF.


manhattan midtown office space rent - September 2009

Midtown Manhattan Office Rent

  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 16.67 million RSF to 16.55 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 4.31 million RSF to 4.24 million RSF.


manhattan midtown south office space for lease - September 2009

Midtown South Manhattan Office Rent

  • Total vacant Office Direct Space in Midtown South Manhattan increased from 5.70 million RSF to 5.92 million RSF.
  • Midtown South Manhattan Sublease vacancies decreased from 0.84 million RSF to 0.78 million RSF.


Manhattan Downtown Office Space Rent - September 2009

Downtown Manhattan Office Rent

  • Total Downtown Manhattan Office Direct Lease Space increased from 4.44 million RSF to 4.61 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies stayed at 1.80 million RSF.




 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.22 0.02 0.24 1.60 % -2.48 %
Midtown South Manhattan Retail 0.60 0.00 0.60 2.60 % -5.20 %
Downtown Manhattan Retail 0.13 0.01 0.14 2.20 % 2.88 %
Total Retail 0.95 0.03 0.98 2.20 % -3.38 %
 
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 0.66 0.16 0.82 4.43 % -3.67 %
Midtown South Manhattan Retail 1.44 0.06 1.51 5.81 % -3.32 %
Downtown Manhattan Retail 0.28 0.01 0.29 4.15 % 1.03 %
Total Retail 2.38 0.23 2.61 5.09 % -2.95 %


Manhattan retail space for rent- September 2009

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.98 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.24 million RSF.
  • Midtown South Retail space vacancies decreased from 0.63 million RSF to 0.60 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.14 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 0.60 % 20.75 %
Midtown South Manhattan Industrial 0.08 0.01 0.09 0.10 % 2.33 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.11 0.01 0.11 8.00 % 6.35 %
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 0.21 0.00 0.21 4.75 % 2.43 %
Midtown South Manhattan Industrial 0.21 0.25 0.46 5.12 % 0.22 %
Downtown Manhattan Industrial 0.01 0.00 0.01 0.00 % 0.00 %
Total Industrial 0.43 0.25 0.68 4.74 % 0.89 %
 


New York Rent Industrial Space - September 2009

Manhattan Industrial Rent Vacancy

  • Total Manhattan Industrial Vacant Space increased from 0.10 million RSF to 0.11 million RSF.
  • Midtown vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.08 million RSF to 0.09 million RSF.






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