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New York Real Estate News Archive 2006 News September 2006 Real Estate Report September 2006 September 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	7.54	1.821	9.36	5.80%	+2.97%
New York City Midtown South Office A	0.45	0.16	0.62	5.70%	+6.97%
New York City Downtown Office A	5.97	1.03	7.00	11.70%	-5.49%
Total Office New York City Office A	13.96	3.02	16.97	7.30%	-0.37%

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	12.86	4.70	17.56	8.29%	-2.45%
New York City Midtown South Office A	0.63	0.18	0.81	6.36%	-2.72%
New York City Downtown Office A	7.04	1.64	8.68	12.25%	-2.48%
Total New York City Office A	20.52	6.52	27.04	9.15%	-2.47%

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	10.94	2.16	13.10	5.50%	+1.34%
New York City Midtown South Office	3.87	0.48	4.35	5.40%	0.00%
New York City Downtown Office	8.37	1.34	9.72	11.00%	-4.22%
Total New York City Office	23.18	3.98	27.16	6.70%	-0.86%

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	18.30	5.87	24.17	7.89%	-1.70%
New York City Midtown South Office	6.70	0.89	7.59	7.93%	-3.29%
New York City Downtown Office	10.22	2.31	12.53	11.68%	-1.08%
Total New York City Office	35.22	9.07	44.29	8.70%	-1.80%

New York City Class A Office Lease

New York City Class A Office Lease

Total New York City Office Class A vacancies decreased from 17.03 million RSF to 16.97 million RSF.
Total New York City Office vacancy decreased from 27.40 million RSF to 27.16 million RSF.

New York City Office Lease Vacancy

New York City Office Lease

Total New York City Office direct lease vacancy decreased from 23.42 million RSF to 23.18 million RSF, while sublease vacancy held steady at 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 remained constant at 4.35 million RSF. Midtown Office vacancy rose from 12.92 million to 13.10 million RSF while total New York City Downtown vacancy decreased from 10.12 million RSF to 9.71 million RSF.

New York City Midtown Office Lease

Midtown Manhattan Office Lease

Total vacant Office Space in New York City Midtown increased led by a rise in sublease space from 1.99 to 2.16 million RSF. Total vacant direct space increased slightly from 10.93 million RSF to 10.94 million RSF.

Midtown South New York City Office Lease

Midtown South Manhattan Office Lease

Midtown South Office direct lease vacancy decreased from 3.89 million RSF to 3.87 million RSF, while sublease vacancies rose from 0.46 to 0.48 million RSF.

New York City Downtown Office Lease

Downtown Manhattan Office Lease

Total New York City Downtown Office vacancies decreased with direct lease space decreasing from 8.59 million 8.37 million RSF. Total vacant sublease space continues to decrease from 1.53 to 1.34 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	1.40%	-0.71%
New York City Midtown South Retail	0.40	0.03	0.43	7.20%	-2.11%
New York City Downtown Retail	0.15	0.00	0.15	6.90%	+0.66%
Total Retail	0.66	0.04	0.70	4.10%	-1.26%

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	0.32	0.01	0.33	3.36%	-2.70%
New York City Midtown South Retail	0.55	0.04	0.59	9.28%	-1.02%
New York City Downtown Retail	0.18	0.00	0.18	7.34%	-2.19%
Total Retail	1.05	0.06	1.11	5.89%	-1.72%

New York City Retail Rent Vacancy

New York City Retail Rent Vacancy

Total available New York City Retail Space dropped from 0.71 to 0.70 million RSF. Midtown South Retail space vacancies remained constant at 0.40 million RSF while in 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	3.10%	-1.82%
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%	-1.07%

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%	+2.06%
New York City Midtown South Industrial	0.21	0.00	0.21	3.00%	-3.88%
New York City Downtown Industrial	0.00	0.00	0.00	0.00%	0.00%
Total Industrial	0.40	0.00	0.40	3.03%	-5.13%

New York City Industrial Lease Vacancy

New York City Industrial Lease Vacancy

Total vacant New York City Industrial Space remained constant at 0.29 million RSF. Midtown Vacancy held steady at 0.17 million RSF and Midtown South Vacancy remained at 0.12 million RSF.