Optimal Spaces Inc. (lease office manhattan)
 
 
   

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

November 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 7.02 1.77 8.80 5.60% -6.40%
New York City Midtown South Office A 0.45 0.14 0.59 5.50% -4.93%
New York City Downtown Office A 4.74 1.03 5.77 11.50% -21.31%
Total Office A 12.22 2.94 15.15 7.00% -12.02%
 
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 12.69 4.60 17.29 8.13% -1.55%
New York City Midtown South Office A 0.62 0.17 0.78 6.24% -3.32%
New York City Downtown Office A 6.05 1.55 7.60 10.71% -14.19%
Total Office A 19.36 6.31 25.67 8.66% -5.34%
 
 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 10.34 2.13 12.48 5.30% -4.97%
New York City Midtown South Office 3.78 0.66 4.44 5.30% +2.05%
New York City Downtown Office 7.07 1.33 8.40 10.90% -15.66%
Total Office 21.19 4.12 25.31 6.50% -7.29%
 
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 18.12 5.72 23.84 7.76% -1.38%
New York City Midtown South Office 6.70 1.02 7.72 8.07% +1.71%
New York City Downtown Office 9.20 2.18 11.37 10.60% -10.12%
Total Office 34.02 8.92 42.94 8.42% -3.14%
 

New York City Class A Office Rent

New York City Class A Office Rent
  • Total New York City Office Class A vacancies decreased from 16.97 million RSF to 15.15 million RSF.
  • Sublease vacancy decreased from 27.16 million RSF to 25.31 million RSF.


New York City Office Rent Vacancy

New York City Office Rent
  • Total New York City Office direct lease vacancy decreased from 23.18 million RSF to 21.19 million RSF.
  • Sublease vacancy held rose from 3.98 to 4.12 million RSF.


New York City Office Rent Vacancy by Area

New York City Office Rent Vacancy by Area
  • Total New York City Office Market vacancies decreased as Midtown South Office vacancy rose from 4.35 to 4.44 million RSF.
  • Midtown Office vacancy dropped from 13.10 million to 12.48 million RSF.
  • New York City Downtown vacancy decreased from 9.71 million RSF to 8.40 million RSF.


New York City Midtown Office Rent

New York City Rent Office Midtown

  • Total vacant Office Space in New York City Midtown decreased with a drop in sublease space from 2.16 to 2.13 million RSF.
  • Total vacant direct space decreased from 10.94 million RSF to 10.34 million RSF.

Midtown South New York City Office Rent

New York City Rent Office Midtown South
  • Midtown South Office direct lease vacancy decreased from 3.87 million RSF to 3.78 million RSF.
  • Midtown South Sublease vacancies rose from 0.48 to 0.66 million RSF.

New York City Downtown Office Rent

Rent Manhattan Office Downtown

  • Total New York City Downtown Office vacancies decreased with direct lease space decreasing from 8.37 million to 7.07 million RSF.
  • Total vacant sublease space continues to decrease from 1.34 to 1.33 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 0.13 0.02 0.15 1.80% +13.78%
New York City Midtown South Retail 0.38 0.03 0.41 7.00% -3.65%
New York City Downtown Retail 0.15 0.00 0.16 6.70% +3.21%
Total Retail 0.66 0.05 0.72 4.20% +1.45%
 
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 0.02 0.35 3.67% +5.13%
New York City Midtown South Retail 0.56 0.04 0.60 9.22% +0.67%
New York City Downtown Retail 0.18 0.00 0.19 7.38% +2.66%
Total Retail 1.07 0.07 1.13 6.11% +2.38%
 

New York City Retail Rent Vacancy

Rent Manhattan Retail
  • Total available New York City Retail Space rose from 0.70 to 0.72 million RSF.
  • Midtown South Retail space vacancies dropped from 0.40 to 0.38 million RSF.
  • Midtown vacancy stayed at 0.13 million RSF.
  • In Downtown, retail vacancy also remained constant at 0.15 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 2.90% -3.03%
New York City Midtown South Industrial 0.14 0.00 0.14 2.10% +15.00%
New York City Downtown Industrial 0.00 0.00 0.00 0.00% 0.00%
Total New York City Industrial Space 0.31 0.00 0.31 2.30% +5.25%
 
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 3.32% -1.04%
New York City Midtown South Industrial 0.23 0.00 0.23 3.28% +9.25%
New York City Downtown Industrial 0.00 0.00 0.00 0.00% 0.00%
Total New York City Industrial Vacancy 0.42 0.00 0.42 3.16% +4.53%
 


New York City Industrial Rent Vacancy

Rent Manhattan Industrial Space
  • Total vacant New York City Industrial Space rose from 0.29 to 0.31 million RSF.
  • Midtown Vacancy held steady at 0.17 million RSF.
  • Midtown South Vacancy rose from 0.12 to 0.14 million RSF.