Optimal Spaces Inc. (rent office manhattan)
 
 
 

Finding your Ideal New York City Space

Finding the ideal office or retail space is critical for your business to be successful in New York City. As Tenant Brokers, we are your partner helping to meet the changing needs of your businesses as it grows and evolves, demanding more space. We provide comprehensive information on all the locations we present to you, including:

  • floor plans
  • exterior photographs
  • physical and historical detail
  • covering both the building and exact space
Rent Midtown Retail Spaces Lease Manhattan Retail Space     Lease Midtown Retail Spaces Rent Manhattan Office Space

March 2010 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 13.38 3.46 16.84 9.20 % 0.25 %
Midtown South Manhattan Office Class A 0.98 0.07 1.05 7.70 % 2.86 %
Downtown Manhattan Office Class A 3.54 1.26 4.80 7.40 % 4.54 %
Total Manhattan Office Class A 17.90 4.80 22.69 8.70 % 1.28 %
           
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 22.49 9.09 31.58 14.14 % 0.40 %
Midtown South Manhattan Office Class A 1.45 0.39 1.84 12.58 % -40.32 %
Downtown Manhattan Office Class A 13.32 2.08 15.40 18.36 % -0.28 %
Total Manhattan Office Class A 37.26 11.57 48.82 15.17 % -1.35 %
           

Manhattan Class A Office Rent

Manhattan Class A Office Rent
  • Total Manhattan Office Class A vacancies increased from 22.40 million RSF to 22.69 million RSF.
  • Total Manhattan Office Market vacancies increased from 35.68 million RSF to 36.22 million RSF.







 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 18.54 3.94 22.49 8.20 % 0.97 %
Midtown Manhattan South Office 6.06 0.65 6.71 7.40 % 0.10 %
Downtown Manhattan Office 5.57 1.45 7.02 7.10 % 4.52 %
Total Manhattan Office 30.17 6.05 36.22 7.80 % 1.50 %
           
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 31.45 11.00 42.45 12.90 % 0.20 %
Midtown Manhattan South Office 9.90 2.11 12.01 11.40 % -7.38 %
Downtown Manhattan Office 17.59 2.53 20.11 16.56 % -0.10 %
Total Manhattan Office 58.94 15.64 74.58 13.42 % -1.10 %
           


Manhattan Office Rent Vacancy

manhattan office space rent or lease
  • Total Manhattan Office direct lease vacancy increased from 29.77 million RSF to 30.17 million RSF.
  • Manhattan Office Sublease vacancy increased from 5.91 million RSF to 6.05 million RSF.

Manhattan Office Rent Vacancy by Area

rent manhattan office space by area
  • Total Manhattan Office Market vacancies increased from 35.68 million RSF to 36.22 million RSF.
  • Total Midtown Office vacancy increased from 22.27 million RSF to 22.49 million RSF.
  • Total Midtown South Office vacancy stayed at 6.71 million RSF.
  • Total Downtown Office vacancy increased from 6.70 million RSF to 7.02 million RSF.


Midtown Manhattan Office Rent

manhattan midtown office space rent
  • Total vacant Office Direct Space in Midtown Manhattan increased from 18.38 million RSF to 18.54 million RSF.
  • Total vacant Office Sublease Space in Midtown Manhattan increased from 3.88 million RSF to 3.94 million RSF.


Midtown South Manhattan Office Rent

manhattan midtown south office space for lease
  • Total vacant Office Direct Space in Midtown South Manhattan decreased from 6.09 million RSF to 6.06 million RSF.
  • Midtown South Manhattan Sublease vacancies increased from 0.61 million RSF to 0.65 million RSF.


Downtown Manhattan Office Rent

Manhattan Downtown Office Space Rent
  • Total Downtown Manhattan Office Direct Lease Space increased from 5.29 million RSF to 5.57 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies increased from 1.41 million RSF to 1.45 million RSF.







 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.34 0.01 0.36 2.10 % 10.70 %
Midtown Manhattan South Retail 0.61 0.00 0.61 2.60 % 0.98 %
Downtown Manhattan Retail 0.16 0.01 0.17 2.60 % 13.61 %
Total Retail 1.12 0.02 1.14 2.40 % 5.89 %
           
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 0.72 0.12 0.83 4.50 % 6.00 %
Midtown Manhattan South Retail 1.24 0.08 1.32 4.79 % -7.43 %
Downtown Manhattan Retail 0.30 0.01 0.31 3.93 % -12.94 %
Total Retail 2.26 0.20 2.46 4.56 % -3.57 %
           


Manhattan Retail Rent Vacancy

NY retail space for rent
  • Total Available Manhattan Retail Space increased from 1.07 million SF to 1.14 million SF.
  • Midtown vacancy increased from 0.32 million SF to 0.36 million SF.
  • Midtown South Retail space vacancies stayed at 0.61 million SF.
  • In Downtown, Retail vacancy increased from 0.15 million SF to 0.17 million SF.






  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.04 0.00 0.04 0.80 % 63.89 %
Midtown Manhattan South Industrial 0.05 0.24 0.29 4.30 % 0.00 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % -100.00 %
Total Industrial 0.09 0.24 0.33 2.70 % 7.01 %
           
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 0.23 0.00 0.23 5.15 % -38.26 %
Midtown Manhattan South Industrial 0.16 0.24 0.40 5.69 % 2.53 %
Downtown Manhattan Industrial 0.01 0.00 0.01 0.00 % 0.00 %
Total Industrial 0.40 0.24 0.64 5.14 % -12.28 %
           


Manhattan Industrial Rent Vacancy

New York Rent Industrial Space
  • Total Vacant Manhattan Industrial Space increased from 0.31 million RSF to 0.33 million RSF.
  • Midtown vacancy increased from 0.01 million RSF to 0.04 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.29 million RSF.