September 2010 New York City Real Estate Graphs and Statistics

Finding your Ideal New York 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 14.01 2.88 16.89 9.70 % -0.08 %
Midtown South Manhattan Office Class A 0.73 0.17 0.90 1.03 % 1.56 %
Downtown Manhattan Office Class A 4.61 1.25 5.86 8.80 % -3.07 %
Total Manhattan Office Class A 19.35 4.30 23.65 9.50 % -0.76 %
 
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 21.04 8.34 29.38 13.27 % 0.48 %
Midtown South Manhattan Office Class A 2.03 0.36 2.39 15.44 % -1.17 %
Downtown Manhattan Office Class A 14.86 1.94 16.80 20.02 % 5.24 %
Total Manhattan Office Class A 37.93 10.64 48.57 192.61 % 2.05 %
 
Manhattan Class A Office Vacancy - September 2010

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies decreased from 23.83 million RSF to 23.65 million RSF.
  • Total Manhattan Office Market vacancies increased from 37.31 million RSF to 37.46 million RSF.




 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 19.08 3.16 22.24 8.60 % -0.54 %
Midtown South Manhattan Office 5.70 0.83 6.53 7.60 % -0.46 %
Downtown Manhattan Office 7.25 1.43 8.69 8.70 % 3.45 %
Total Manhattan Office 32.04 5.42 37.46 8.50 % 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 29.86 9.59 39.45 12.19 % -0.27 %
Midtown South Manhattan Office 9.96 1.67 11.63 11.05 % -1.83 %
Downtown Manhattan Office 19.28 2.37 21.64 17.89 % 3.07 %
Total Manhattan Office 59.09 13.63 72.72 13.23 % 0.47 %


manhattan office space rent or lease - September 2010

Manhattan Office Vacancy Market

  • Total Manhattan Office direct lease vacancy increased from 31.81 million RSF to 32.04 million RSF.
  • Manhattan Office Sublease vacancy decreased from 5.50 million RSF to 5.42 million RSF.

rent manhattan office space by area - September 2010

Manhattan Office Rent Vacancy by Area

  • Total Manhattan Office Market vacancy increased from 37.31 million RSF to 37.46 million RSF.
  • Total Midtown Office vacancy decreased from 22.36 million RSF to 22.24 million RSF.
  • Total Midtown South Office vacancy decreased from 6.56 million RSF to 6.53 million RSF.
  • Total Downtown Office vacancy increased from 8.39 million RSF to 8.69 million RSF.


manhattan midtown office space rent - September 2010

Midtown Manhattan Office Rent

  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.15 million RSF to 19.08 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.21 million RSF to 3.16 million RSF.


manhattan midtown south office space for lease - September 2010

Midtown South Manhattan Office Rent

  • Total vacant Office Direct Space in Midtown South Manhattan decreased from 5.74 million RSF to 5.70 million RSF.
  • Midtown South Manhattan Sublease vacancies increased from 0.82 million RSF to 0.83 million RSF.


Manhattan Downtown Office Space Rent - September 2010

Downtown Manhattan Office Rent

  • Total Downtown Manhattan Office Direct Lease Space increased from 6.91 million RSF to 7.25 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies decreased from 1.47 million RSF to 1.43 million RSF.




 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.25 0.00 0.25 1.50 % 10.77 %
Midtown South Manhattan Retail 0.49 0.00 0.49 2.20 % -8.09 %
Downtown Manhattan Retail 0.10 0.00 0.11 1.70 % -3.16 %
Total Retail 0.84 0.01 0.85 1.90 % -1.92 %
 
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 0.58 0.11 0.70 3.84 % 0.14 %
Midtown South Manhattan Retail 1.23 0.05 1.28 4.52 % -2.96 %
Downtown Manhattan Retail 0.39 0.01 0.40 5.08 % 2.16 %
Total Retail 2.21 0.17 2.37 4.38 % -1.20 %


Manhattan retail space for rent- September 2010

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.87 million RSF to 0.85 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.22 million RSF to 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.53 million RSF to 0.49 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.11 million RSF.




  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.07 0.00 0.07 1.60 % 0.00 %
Midtown South Manhattan Industrial 0.09 0.24 0.33 4.90 % -3.29 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.17 0.24 0.41 3.30 % -2.72 %
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 10.52 % 0.77 %
Midtown South Manhattan Industrial 0.22 0.24 0.46 6.65 % 6.97 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.49 0.49 0.98 7.70 % 3.67 %
 


New York Rent Industrial Space - September 2010

Manhattan Industrial Rent Vacancy

  • Total Manhattan Industrial Vacant Space decreased from 0.42 million RSF to 0.41 million RSF.
  • Midtown vacancy stayed at 0.07 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.35 million RSF to 0.33 million RSF.


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