Optimal Spaces Inc. (rent office manhattan)
     
 
   
 


July 2009 Graphs and Statistics

 MANHATTAN CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   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 %
           
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 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 %
           

Manhattan Class A Office Rent

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.







 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 %
           
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 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 %
           


Manhattan Office Rent Vacancy

manhattan office space rent or lease
  • 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.

Manhattan Office Rent Vacancy by Area

rent manhattan office space 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.


Midtown Manhattan Office Rent

manhattan midtown office space 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.


Midtown South Manhattan Office Rent

manhattan midtown south office space for lease
  • 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.


Downtown Manhattan Office Rent

Manhattan Downtown Office Space 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.







 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   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 %
           
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 0.69 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 %
           


Manhattan Retail Rent Vacancy

NY retail space for rent
  • 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.






  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   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 %
           
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 0.2 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 %
           


Manhattan Industrial Rent Vacancy

New York Rent Industrial Space
  • 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.