Optimal Spaces Inc. (lease office manhattan)
 
 
   



New York Real Estate News Archive 2006 News August 2006 Real Estate Report August 2006

August 2006 Graphs and Statistics

 
 NEW YORK CITY CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
New York City Midtown Office A 7.42 1.661 9.08 5.50% -0.31%
New York City Midtown South Office A 0.45 0.12 0.57 5.20% -3.16%
New York City Downtown Office A 6.16 1.22 7.38 11.40% 5.68%
Total Office New York City Office A 14.03 2.99 17.03 6.80% +6.90%
 
NEW YORK CITY CLASS A OFFICE VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
New York City Midtown Office A 13.43 4.56 18.00 8.45% -6.60%
New York City Midtown South Office A 0.63 0.20 0.82 6.14% -2.19%
New York City Downtown Office A 7.14 1.75 8.89 12.57% +4.03%
Total New York City Office A 21.20 6.51 27.71 9.33% -3.06%
 
 NEW YORK CITY TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  %
Vacant		  % Monthly
Change
New York City Midtown Office 10.93 1.99 12.92 5.30% -2.92%
New York City Midtown South Office 3.89 0.46 4.35 5.50% +1.03%
New York City Downtown Office 8.59 1.53 10.12 10.90% +3.10%
Total New York City Office 23.42 3.98 27.40 6.50% -0.07%
 
NEW YORK CITY TOTAL OFFICE MARKET VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet))
   Direct  Sublease  Total  %
Vacant		  %Monthly
Change
New York City Midtown Office 19.04.00 5.54 24.58 8.02% -5.78%
New York City Midtown South Office 6.93 0.91 7.90 8.14% -1.17%
New York City Downtown Office 10.20 2.46 12.66 11.82% +1.77%
Total New York City Office 36.17 8.91 45.14 8.84% -2.86%
 

New York City Class A Office Lease

New York City Class A Office Lease
  • Total New York City Office Class A vacancies increased from 16.65 million RSF to 17.03 million RSF.
  • Total New York City Office vacancy slightly decreased from 27.41 million RSF to 27.40 million RSF.


New York City Office Lease Vacancy

New York City Office Lease
  • Total New York City Office direct lease vacancy increased from 23.25 million RSF to 23.42 million RSF, while sublease vacancy decreased from 4.17 to 3.98 million RSF.

New York City Office Lease Vacancy by Area

New York City Office Lease Vacancy by Area
  • Total New York City Office Market vacancies decreased as Midtown South Office vacancy rose from 4.30 to RSF.
  • Midtown Office vacancy dropped from 13.30 million to 12.92 million RSF.
  • New York City Downtown vacancy rates increased from 9.81 million RSF to 10.12 million RSF.



New York City Midtown Office Lease

Midtown Manhattan Office Lease
  • Total vacant Office Space in New York City Midtown continues to decrease led by a decline in total direct from 11.22 to 10.93 million RSF.
  • Total vacant sublease space decreased from 2.08 million RSF to 1.99 million RSF.


Midtown South New York City Office Lease

Midtown South Manhattan Office Lease
  • Midtown South Office direct lease vacancy increased from 3.79 million RSF to 3.89 million RSF, while vacancies fell from 0.51 to 0.46 million RSF.

New York City Downtown Office Lease

Downtown Manhattan Office Lease
  • Total New York City Downtown Office vacancies increased with direct lease space increasing from 8.23 million 8.59 million RSF. Total vacant sublease space continues to decrease from 1.58 to 1.53 million RSF.
 NEW YORK CITY RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
New York City Midtown Retail 0.12 0.01 0.13 1.60% -7.03%
New York City Midtown South Retail 0.40 0.04 0.43 7.60% +8.33%
New York City Downtown Retail 0.15 0.00 0.16 7.40% +3.85%
Total Retail 0.67 0.05 0.71 4.30% +4.63%
 
NEW YORK CITY RETAIL VACANT SPACES NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
New York City Midtown Retail 0.33 0.01 0.34 3.38% -2.33%
New York City Midtown South Retail 0.55 0.05 0.59 9.65% -0.67%
New York City Downtown Retail 0.18 0.00 0.19 8.16% +0.53%
Total Retail 1.06 0.07 1.12 6.03% -0.98%
 

New York City Retail Rent Vacancy

New York City Retail Rent Vacancy
  • Total available New York City Retail Space rose from 0.68 to 0.71 million RSF.
  • Midtown South Retail space vacancies continued to rise from 0.36 to 0.40 million RSF.
  • Midtown vacancy fell from 0.14 million RSF. to 0.13 million RSF.
  • In Downtown, vacancy increased from 0.15 to 0.16 million RSF.

 NEW YORK CITY INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
New York City Midtown Industrial 0.17 0.00 0.17 3.10% -5.38%
New York City Midtown South Industrial 0.12 0.00 0.12 1.80% 0.00%
New York City Downtown Industrial 0.00 0.00 0.00 0.00% 0.00%
Total Industrial 0.29 0.00 0.29 2.30% -3.16%
 
 NEW YORK CITY INDUSTRIAL VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
New York City Midtown Industrial 0.19 0.00 0.19 3.36% -3.09%
New York City Midtown South Industrial 0.21 0.00 0.21 3.10% 0.00%
New York City Downtown Industrial 0.02 0.00 0.02 2.58% -10.00%
Total Industrial 0.42 0.00 0.42 3.13% -1.77%
 


New York City Industrial Lease Vacancy

New York City Industrial Lease Vacancy
  • Total vacant New York City Industrial Space fell slightly from 0.30 million RSF to 0.29 million RSF.
  • Midtown Vacancy dropped from 0.18 million RSF to 0.17 million RSF.
  • Midtown South Vacancy remained at 0.12 million RSF.