Optimal Spaces Inc. (lease office manhattan)
     
 
   

New York Real Estate News Archive 2007 News December 2007 Graphs and Statistics

December 2007

 
 MANHATTAN CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office A 6.08 1.31 7.39 5 % -7.05 %
Midtown South Manhattan Office A 0.07 0.02 0.09 9.2 % 2.35 %
Downtown Manhattan Office A 2.72 0.58 3.29 5.4 % -2.04 %
Total Manhattan Office A 8.87 1.9 10.77 5.3 % -5.44 %
 
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 14.99 4.1 19.09 8.73 % 0.65 %
Midtown South Manhattan Office A 1.34 0.04 1.37 9.33 % -1.31 %
Downtown Manhattan Office A 4.02 0.98 4.99 7.04 % 1.62 %
Total Manhattan Office A 20.34 5.12 25.46 8.36 0.73
 
 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 9.04 1.71 10.75 4.7 -5.7 %
Midtown South Manhattan Office 3.66 0.3 3.96 6 -3.28 %
Downtown Manhattan Office 4.78 0.81 5.6 6.4 -1.8 %
Total Office Manhattan 17.49 2.83 20.32 5.4 -4.15
 
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 20.21 5.09 25.31 7.96 % 0.34 %
Midtown South Manhattan Office 7.16 0.92 8.08 8.21 % 2.08 %
Downtown Manhattan Office 7.25 1.36 8.61 7.94 % -1.73 %
Total Office Manhattan 34.62 7.37 41.99 8.01 0.25
 

Manhattan Class A Office Rent

Manhattan Class A Office Rent
  • Total Manhattan Office Class A vacancies decreased from 11.35 million RSF to 10.77 million RSF.
  • Total Manhattan Office Market vacancies decreased from 21.16 million RSF to 20.32 million RSF.

Manhattan Office Rent Vacancy

Manhattan Office Rent Vacancy
  • Total Manhattan Office direct lease vacancy decreased from 18.16 million RSF to 17.49 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3 million RSF to 2.83 million RSF.

Manhattan Office Rent Vacancy by Area

Manhattan Office Rent Vacancy by Area
  • Total Manhattan Office Market vacancies decreased from 21.16 million RSF to 20.32 million RSF.
  • Total Midtown South Office vacancy decreased from 4.09 million RSF to 3.96 million RSF.
  • Total Midtown Office vacancy decreased from 11.37 million RSF to 10.75 million RSF.
  • Total Downtown Office vacancy decreased from 5.7 million RSF to 5.6 million RSF.


Midtown Manhattan Office Rent

Midtown Manhattan Office Rent
  • Total vacant Office Sublease Space in Midtown Manhattan decreased from 1.83 million RSF to 1.71 million RSF.
  • Total vacant Office Direct Space in Midtown Manhattan decreased from 9.54 million RSF to 9.04 million RSF.


Midtown South Manhattan Office Rent

Midtown South Manhattan Office Rent
  • Total vacant Office Direct Space in Midtown South decreased from 3.71 million RSF to 3.66 million RSF.
  • Midtown South Manhattan Sublease vacancies decreased from 0.38 million RSF to 0.3 million RSF.


Downtown Manhattan Office Rent

Downtown Manhattan Office Rent
  • Total Downtown Manhattan Office Direct Lease Space decreased from 4.91 million RSF to 4.78 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies from 0.79 million RSF to 0.81 million RSF.
 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.21 0 0.21 1.5 -3.77 %
Midtown South Manhattan Retail 0.62 0.13 0.75 5.7 6.39 %
Downtown Manhattan Retail 0.07 0 0.07 2.2 4.23 %
Total Retail 0.9 0.13 1.03 3.3 4.16
 
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 0.4 0.07 0.47 3.08 % 13.22 %
Midtown South Manhattan Retail 0.91 0.13 1.04 7.39 % 0.48 %
Downtown Manhattan Retail 0.14 0 0.14 3.04 % -14.49 %
Total Retail 1.44 0.2 1.65 4.87 2.85
 


Manhattan Retail Rent Vacancy

Manhattan Retail Rent Vacancy
  • Total Available Manhattan Retail Space from 0.99 million RSF to 1.03 million RSF.
  • Midtown South Retail space vacancies decreased from 0.7 million RSF to 0.75 million RSF.
  • Midtown vacancy increased decreased from 0.22 million RSF to 0.21 million RSF.
  • In Downtown , Retail vacancy stayed at 0.07 million RSF.

  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.1 0 0.1 2.8 -3.03 %
Midtown South Manhattan Industrial 0.09 0.01 0.1 1.4 8.25 %
Downtown Manhattan Industrial 0 0 0 0.4 0 %
Total Industrial 0.19 0.01 0.2 2.1 2.5
 
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 0.1 0 0.1 1.86 % -3.03 %
Midtown South Manhattan Industrial 0.14 0.01 0.15 2.13 % 2.05 %
Downtown Manhattan Industrial 0 0 0 0 % 0 %
Total Industrial 0.24 0.01 0.25 1.91 0
 


Manhattan Industrial Rent Vacancy

Manhattan Industrial Rent Vacancy
  • Total Vacant Manhattan Industrial Space stayed at 0.2 million RSF.
  • Midtown South Industrial space vacancies from 0.09 million RSF to 0.1 million RSF.
  • Midtown vacancy increased stayed at 0.1 million RSF.