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July 2009 Graphs and Statistics |
| MANHATTAN CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet)) |
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Direct |
Sublease |
Total |
% Vacant |
% Monthly
Change |
| Midtown Manhattan Class Office Class A |
11.38 |
3.71 |
15.09 |
8.1 % |
2.96 % |
| Midtown South Manhattan Office Class A |
0.78 |
0.03 |
0.81 |
10.7 % |
12.47 % |
| Downtown Manhattan Office Class A |
2.11 |
1.72 |
3.83 |
6.2 % |
7.22 % |
| Total Manhattan Office Class A |
14.27 |
5.47 |
19.74 |
7.8 % |
4.18 % |
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MANHATTAN CLASS A OFFICE VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet) |
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Direct |
Sublease |
Total |
% Vacant |
% Monthly
Change |
| Midtown Manhattan Office Class A |
22.99 |
10.63 |
33.62 |
14.89 % |
0.52 % |
| Midtown South Manhattan Office Class A |
1.91 |
0.27 |
2.17 |
13.88 % |
27.57 % |
| Downtown Manhattan Office Class A |
12.07 |
2.37 |
14.44 |
18.02 % |
-0.19 % |
| Total Manhattan Office Class A |
36.96 |
13.27 |
50.23 |
15.62 % |
1.49 % |
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Manhattan Class A Office Rent
- Total Manhattan Office Class A vacancies increased from 18.91 million RSF to 19.74 million RSF.
- Total Manhattan Office Market vacancies increased from 31.92 million RSF to 32.71 million RSF.
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| MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet)) |
| |
Direct |
Sublease |
Total |
% Vacant |
% Monthly
Change |
| Midtown Manhattan Office |
15.87 |
4.1 |
19.97 |
7.2 % |
2.11 % |
| Midtown Manhattan South Office |
5.55 |
0.85 |
6.41 |
7.4 % |
1.92 % |
| Downtown Manhattan Office |
4.46 |
1.88 |
6.34 |
7.1 % |
3.82 % |
| Total Manhattan Office |
25.88 |
6.83 |
32.71 |
7.2 % |
2.4 % |
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MANHATTAN TOTAL OFFICE MARKET VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet) |
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Direct |
Sublease |
Total |
% Vacant |
% Monthly
Change |
| Midtown Manhattan Office |
31.3 |
12.41 |
43.7 |
13.26 % |
1.07 % |
| Midtown Manhattan South Office |
10.1 |
2.45 |
12.55 |
12.06 % |
3.52 % |
| Downtown Manhattan Office |
16.81 |
2.9 |
19.7 |
16.57 % |
0.21 % |
| Total Manhattan Office |
58.2 |
17.75 |
75.95 |
13.74 % |
1.25 % |
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Manhattan Office Rent Vacancy
- Total Manhattan Office direct lease vacancy increased from 25.46 million RSF to 25.88 million RSF.
- Manhattan Office Sublease vacancy increased from 6.46 million RSF to 6.83 million RSF.
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Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancies increased from 31.92 million RSF to 32.71 million RSF.
- Total Midtown Office vacancy increased from 19.54 million RSF to 19.97 million RSF.
- Total Midtown South Office vacancy increased from 6.28 million RSF to 6.41 million RSF.
- Total Downtown Office vacancy increased from 6.09 million RSF to 6.34 million RSF.
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Midtown Manhattan Office Rent
- Total vacant Office Direct Space in Midtown Manhattan increased from 15.49 million RSF to 15.87 million RSF.
- Total vacant Office Sublease Space in Midtown Manhattan increased from 4.06 million RSF to 4.1 million RSF.
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Midtown South Manhattan Office Rent
- Total vacant Office Direct Space in Midtown South Manhattan increased from 5.51 million RSF to 5.55 million RSF.
- Midtown South Manhattan Sublease vacancies increased from 0.78 million RSF to 0.85 million RSF.
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Downtown Manhattan Office Rent
- Total Downtown Manhattan Office Direct Lease Space stayed at 4.46 million RSF.
- Total Downtown Manhattan Office Sublease Vacancies increased from 1.63 million RSF to 1.88 million RSF.
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| MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
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Direct |
Sublease |
Total |
% Vacant |
% Monthly
Change |
| Midtown Manhattan Retail |
0.26 |
0.02 |
0.28 |
1.6 % |
1.08 % |
| Midtown Manhattan South Retail |
0.62 |
0.01 |
0.63 |
3.1 % |
0 % |
| Downtown Manhattan Retail |
0.13 |
0.01 |
0.14 |
2.5 % |
-7.41 % |
| Total Retail |
1.01 |
0.03 |
1.04 |
2.4 % |
-0.67 % |
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MANHATTAN RETAIL VACANT SPACES NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet) |
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Direct |
Sublease |
Total |
% Vacant |
% Monthly
Change |
| Midtown Manhattan Retail |
0.69 |
0.19 |
0.88 |
4.57 % |
6.46 % |
| Midtown Manhattan South Retail |
1.53 |
0.08 |
1.6 |
6.89 % |
2 % |
| Downtown Manhattan Retail |
0.26 |
0.01 |
0.27 |
4.58 % |
-10.9 % |
| Total Retail |
2.47 |
0.28 |
2.75 |
5.68 % |
2.18 % |
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Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.05 million SF to 1.04 million SF.
- Midtown vacancy stayed at 0.28 million SF.
- Midtown South Retail space vacancies stayed at 0.63 million SF.
- In Downtown, Retail vacancy decreased from 0.15 million SF to 0.14 million SF.
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| MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet) |
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Direct |
Sublease |
Total |
% Vacant |
% Monthly
Change |
| Midtown Manhattan Industrial |
0.02 |
0 |
0.02 |
0.5 % |
0 % |
| Midtown Manhattan South Industrial |
0.07 |
0 |
0.07 |
0.1 % |
-5.63 % |
| Downtown Manhattan Industrial |
0 |
0 |
0 |
0 % |
0 % |
| Total Industrial |
0.09 |
0 |
0.09 |
8 % |
-4.44 % |
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MANHATTAN INDUSTRIAL VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet) |
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Direct |
Sublease |
Total |
% Vacant |
% Monthly
Change |
| Midtown Manhattan Industrial |
0.2 |
0 |
0.2 |
4.62 % |
0 % |
| Midtown Manhattan South Industrial |
0.11 |
0.26 |
0.37 |
4.31 % |
-33.61 % |
| Downtown Manhattan Industrial |
0.01 |
0 |
0.01 |
0 % |
60 % |
| Total Industrial |
0.32 |
0.26 |
0.58 |
4.18 % |
-20.28 % |
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Manhattan Industrial Rent Vacancy
- Total Vacant Manhattan Industrial Space stayed at 0.09 million RSF.
- Midtown vacancy stayed at 0.02 million RSF.
- Midtown South Industrial space vacancies decreased from 0.08 million RSF to 0.07 million RSF.
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Manhattan Retail & Office Space Search
July 2009 NY Market Overview