Optimal Spaces Inc. (lease office manhattan)
 
 
   

New York Real Estate News Archive 2006 News November 2006 Real Estate Report November 2006

November 2006 Graphs and Statistics

 
 NEW YORK CITY CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
New York City Midtown Office A 6.9 1.73 8.63 5.3 % -1.87 %
New York City Midtown South Office A 0.46 0.09 0.54 5.2 % -8.46 %
New York City Downtown Office A 4.62 0.79 5.41 11.1 % -6.67
Total Office A 11.98 2.604 14.582 6.7 % -3.9 %
 
NEW YORK CITY CLASS A OFFICE VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
New York City Midtown Office A 12.73 4.85 17.58 8.25 % 1.63 %
New York City Midtown South Office A 0.62 0.12 0.74 5.91 % -7.05 %
New York City Downtown Office A 5.87 1.36 7.23 10.07 % -5.15 %
Total Office A 19.22 1.475 25.543 8.59 % -0.54 %
 
 NEW YORK CITY TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
New York City Midtown Office 9.93 2.09 12.01 4.9 % -3.8 %
New York City Midtown South Office 3.8 0.56 4.36 5.1 % -1.9 %
New York City Downtown Office 6.84 1.07 7.91 10.6 % -6.17 %
Total Office 20.57 3.719 24.282 6.7 % -3.9 %
 
NEW YORK CITY TOTAL OFFICE MARKET VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
New York City Midtown Office 17.86 5.96 23.81 7.75 % 0.11 %
New York City Midtown South Office 6.61 0.93 7.53 7.9 % -2.48 %
New York City Downtown Office 8.91 1.97 10.88 10.13 % -4.6 %
Total Office 33.38 2.898 42.226 8.28 % -1.69 %
 

New York City Class A Office Rent

New York City Class A Office Rent
  • Total New York City Office direct lease vacancy decreased from 19.93 million RSF to 19.09 million RSF.
  • Sublease vacancy dropped from 3.67 million RSF to 3.51 million RSF.


New York City Office Rent Vacancy

New York City Office Rent
  • Total New York City Office direct lease vacancy decreased from 21.19 million RSF to 20.57 million RSF
  • Sublease vacancy decreased from 4.12 to 3.72 million RSF.


New York City Office Rent Vacancy by Area

New York City Office Rent Vacancy by Area
  • Total New York City Office Market vacancies decreased as Midtown South Office vacancy from 4.44 to 4.36 million RSF.
  • Midtown Office vacancy dropped from 12.48 million to 12.10 million RSF.
  • Total New York City Downtown vacancy decreased from 8.40 million RSF to 7.91 million RSF.


New York City Midtown Office Rent

New York City Rent Office Midtown

  • Total vacant Office Space in New York City Midtown decreased with a drop in sublease space from 2.13 to 2.09 million RSF.
  • Total vacant direct space decreased from 10.34 million RSF to 9.93 million RSF.

Midtown South New York City Office Rent

New York City Rent Office Midtown South
  • Midtown South Office direct lease vacancy rose from 3.78 million RSF to 3.79 million RSF.
  • Midtown South Sublease vacancies decreased from 0.66 to 0.56 million RSF.

New York City Downtown Office Rent

Rent New York City Office Downtown

  • Total New York City Downtown Office vacancies decreased with direct lease space decreasing from 7.07 million to 6.84 million RSF.
  • Total vacant sublease space continues to decrease from 1.33 to 1.07 million RSF.
  NEW YORK CITY RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
New York City Midtown Retail 0.16 0.02 0.18 2 % 15.73 %
New York City Midtown South Retail 0.38 0.02 0.41 7.4 % -1.23 %
New York City Downtown Retail 0.15 0 0.15 6.7 % 2.6 %
Total Retail 0.69 0.043 0.737 4.4 % 3.66 %
 
NEW YORK CITY RETAIL VACANT SPACES NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
New York City Midtown Retail 0.38 0.02 0.4 4.01 % 12.72 %
New York City Midtown South Retail 0.56 0.03 0.6 9.78 %% -0.5 %
New York City Downtown Retail 0.18 0 0.19 7.27 % 3.23 %
Total Retail 1.12 0.037 1.184 6.35 % 4.56 %
 

New York City Retail Rent Vacancy

Rent Manhattan Retail
  • Total available New York City Retail Space rose from 0.71 to 0.74 million RSF.
  • Midtown South Retail space vacancies strayed at 0.41 million RSF.
  • New York City Midtown vacancy rose from 0.15 to 0.18 million RSF.
  • In Downtown, retail vacancy also remained constant at 0.15 RSF.

  NEW YORK CITY INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
New York City Midtown Industrial 0.16 0 0.16 3 % -3.66 %
New York City Midtown South Industrial 0.06 0 0.06 0.8 % wait%
New York City Downtown Industrial 0 0 0 0 % 0 %
Total Industrial 0.22 0 0.221 1.7 % -40.27 %
 
NEW YORK CITY INDUSTRIAL VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
   Direct  Sublease  Total % Vacant  % Monthly
Change
New York City Midtown Industrial 0.19 0 0.19 3.32 % -0.53 %
New York City Midtown South Industrial 0.12 0 0.12 1.81 % -85.48 %
New York City Downtown Industrial 0 0 0 2.83 % 0 %
Total Industrial 0.31 0 0.313 2.39 % -34.19 %
 


New York City Industrial Rent Vacancy

Rent Manhattan Industrial Space
  • Total vacant New York City Industrial Space decreased from 0.31 to 0.22 million RSF.
  • Midtown Vacancy decreased from 0.17 to 0.16 million RSF.
  • Midtown South Vacancy decreased from 0.14 to 0.06 million RSF.