Optimal Spaces Inc. (lease office manhattan)
     
 
   


 Manhattan Market News

 Market Overview


August 2008 Graphs and Statistics
 MANHATTAN CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office A 7.14 1.55 8.69 5.6 % 0.67 %
Midtown South Manhattan Office A 0.07 0.02 0.08 9.4 % -82.14 %
Downtown Manhattan Office A 2.26 1.32 3.58 5.7 % -2.82 %
Total Manhattan Office A 9.47 2.88 12.35 5.8 % -0.91 %
           
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 A 17.41 4.37 21.78 9.9 % 0.05 %
Midtown South Manhattan Office A 0.87 0.02 0.89 6.11 % -30.18 %
Downtown Manhattan Office A 4.02 1.78 5.8 8.06 % 2.67 %
Total Manhattan Office A 22.3 6.16 28.47 9.29 -0.36
           

Manhattan Class A Office Rent

Manhattan Class A Office Rent
  • Total Manhattan Office Class A vacancies decreased from 12.46 million RSF to 12.35 million RSF.
  • Total Manhattan Office Market vacancies decreased from 23.06 million RSF to 22.52 million RSF.



 NYC Market News

 Market Overview


 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 10.38 1.99 12.37 5.3 1.41 %
Midtown South Manhattan Office 4.03 0.33 4.36 6.6 -0.94 %
Downtown Manhattan Office 4.24 1.54 5.79 6.4 -11.72 %
Total Office Manhattan 18.65 3.86 22.52 5.8 -2.42
           
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 22.69 5.45 28.14 8.76 % -0.21 %
Midtown South Manhattan Office 6.81 0.99 7.81 7.86 % 0.94 %
Downtown Manhattan Office 7.42 2.17 9.6 8.73 % -4.38 %
Total Office Manhattan 36.93 8.62 45.54 8.58 -0.89
           

Manhattan Office Rent Vacancy

Manhattan Office Rent Vacancy
  • Total Manhattan Office direct lease vacancy decreased from 19.13 million RSF to 18.65 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3.94 million RSF to 3.86 million RSF.

Manhattan Office Rent Vacancy by Area

Rent Office Manhattan: Neighborhood
  • Total Manhattan Office Market vacancies decreased from 23.06 million RSF to 22.52 million RSF.
  • Total Midtown Office vacancy increased from 12.19 million RSF to 12.37 million RSF.
  • Total Midtown South Office vacancy decreased from 4.40 million RSF to 4.36 million RSF.
  • Total Downtown Office vacancy decreased from 6.46 million RSF to 5.79 million RSF.


Midtown Manhattan Office Rent


Midtown Manhattan Office Rent
  • Total vacant Office Direct Space in Midtown Manhattan increased from 10.12 million RSF to 10.38 million RSF.
  • Total vacant Office Sublease Space in Midtown Manhattan decreased from 2.08 million RSF to 1.99 million RSF.


Midtown South Manhattan Office Rent


Midtown South Manhattan Office Rent
  • Total vacant Office Direct Space in Midtown South Manhattan decreased from 4.07 million RSF to 4.03 million RSF.
  • Midtown South Manhattan Sublease vacancies decreased from 0.33 million RSF to 0.33 million RSF.


Downtown Manhattan Office Rent

Downtown Manhattan Office Rent
  • Total Downtown Manhattan Office Direct Lease Space decreased from 4.94 million RSF to 4.24 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies increased from 1.53 million RSF to 1.54 million RSF.





 New York City Market News

 Market Overview

 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.24 0.01 0.25 1.4 -1.98 %
Midtown South Manhattan Retail 0.63 0.13 0.76 4.2 -0.4 %
Downtown Manhattan Retail 0.08 0.01 0.09 1.9 -1.16 %
Total Retail 0.96 0.14 1.1 2.7 -0.82
           
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 0.34 0.08 0.42 2.13 % -12.65 %
Midtown South Manhattan Retail 1.03 0.15 1.18 5.92 % -0.34 %
Downtown Manhattan Retail 0.15 0.01 0.16 2.85 % -3.87 %
Total Retail 1.52 0.23 1.75 3.89 -3.6
           


Manhattan Retail Rent Vacancy


Manhattan Retail Rent Vacancy
  • Total Available Manhattan Retail Space decreased from 1.11 million RSF to 1.10 million RSF.
  • Midtown vacancy decreased from 0.26 million RSF to 0.25 million RSF.
  • Midtown South Retail space vacancies stayed at 0.76 million RSF.
  • In Downtown, Retail vacancy stayed at 0.09 million RSF.


 Manhattan Market News

 Market Overview


  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.18 0 0.19 3.7 2.67 %
Midtown South Manhattan Industrial 0.14 0.24 0.38 6.1 1.07 %
Downtown Manhattan Industrial 0 0 0 0 0 %
Total Industrial 0.32 0.24 0.56 4.7 1.6
           
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 0.19 0 0.2 3.88 % 0 %
Midtown South Manhattan Industrial 0.42 0.24 0.66 9.27 % 0.61 %
Downtown Manhattan Industrial 0 0 0 0 % 0 %
Total Industrial 0.61 0.24 0.85 6.54 0.47
           


Manhattan Industrial Rent Vacancy

Manhattan Industrial Rent Vacancy

  • Total Vacant Manhattan Industrial Space increased from 0.55 million RSF to 0.56 million RSF.
  • Midtown vacancy increased from 0.18 million RSF to 0.19 million RSF.
  • Midtown South Industrial space vacancies increased from 0.37 million RSF to 0.38 million RSF.