Optimal Spaces Inc. (lease office manhattan)
     
 
   


 Manhattan Market News

 Market Overview


December 2005 Graphs and Statistics

 MANHATTAN CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office Class A 9.04 2.21 11.25 6.60% -1.31%
Midtown South Manhattan Office Class A 0.48 0.06 0.54 7.40% -56.59%
Downtown Manhattan Office Class A 4.57 1.37 5.94 9.50% -2.24%
Total Manhattan Office Class A 14.09 3.64 17.73 7.40% -3.30%
           
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 15.49 5.11 20.60 9.77% -2.47%
Midtown South Manhattan Office A 0.72 0.09 0.81 6.28% -37.73%
Downtown Manhattan Office A 7.28 2.14 9.42 13.27% -2.76%
Total Manhattan Office Class A 23.49 7.34 30.83 10.46% -3.49%
           

Manhattan Class A Office Vacancies

Manhattan Class A Office Vacancies
  • Total Manhattan Office Class A vacancies decreased from 18.31 million RSF to 17.73 million RSF, and Total Market vacancies decreased from 30.25 million RSF to 30.21 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 0.12 0.00 0.12 4.00% +3.42%
Midtown South Manhattan Retail 0.22 0.00 0.22 3.90% -0.92%
Downtown Manhattan Retail 0.08 0.00 0.08 4.10% -7.50%
Total Retail 0.41 0.00 0.41 4.00% -0.90%
           
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 0.26 0.00 0.26 3.53% +1.92%
Midtown South Manhattan Retail 0.44 0.00 0.44 6.95% +2.53%
Downtown Manhattan Retail 0.11 0.00 0.11 5.20% +0.87%
Total Retail 0.81 0.00 0.81 5.11% +2.10%
           

Manhattan Retail Rent Vacancy

Manhattan Retail Rent Vacancy
  • Total Manhattan Retail availability remained steady at 0.41 million RSF. Midtown South availability also held at 0.22 million RSF while in Midtown availability rose from 0.11 to 0.12 million RSF. In Downtown, availability also remained stagnant at 0.08 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 0.28 0.00 0.28 5.40% -18.12%
Midtown South Manhattan Industrial 0.18 0.01 0.20 2.50% 0.00%
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00% 0.00%
Total Manhattan Industrial 0.46 0.01 0.47 3.60% -10.59%
           
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 0.30 0.00 0.30 5.31% -16.50%
Midtown South Manhattan Industrial 0.25 0.01 0.27 3.41% -0.75%
Downtown Manhattan Industrial 0.02 0.00 0.02 2.80% 0.00%
Total Manhattan Industrial 0.57 0.01 0.59 4.15% -8.88%
           


Manhattan Industrial Rent Vacancy

Manhattan Industrial Rent Vacancy
  • Total Manhattan Industrial Vacant space decreased from 0.51 to 0.46 million RSF. Midtown vacancy decreased to 0.28 million RSF from 0.33 million RSF. Midtown South vacancy remained constant at 0.18 million RSF. Available Manhattan Downtown Industrial space remains at zero, as it has been for 7 months.