September 2011 New York City Real Estate 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 12.00 2.02 14.02 8.50 % -6.50 %
Midtown South Manhattan Office Class A 0.51 0.07 0.58 7.40 % -0.52 %
Downtown Manhattan Office Class A 4.99 0.39 5.38 9.70 % 5.41 %
Total Manhattan Office Class A 17.50 2.47 19.98 8.70 % -3.12 %
 
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 19.49 6.21 25.70 216.14 % -1.77 %
Midtown South Manhattan Office Class A 1.46 0.07 1.53 10.26 % -3.85 %
Downtown Manhattan Office Class A 16.30 1.07 17.36 19.46 % 1.99 %
Total Manhattan Office Class A 37.24 7.35 44.59 13.52 % -0.38 %
 
September 2011 Manhattan Class A Office Vacancy

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies decreased from 20.60 million RSF to 19.98 million RSF.
  • Total Manhattan Office Market vacancies increased from 33.67 million RSF to 32.69 million RSF.




 MANHATTAN TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet))
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Office 16.96 2.28 19.24 7.70 % -5.34 %
Midtown South Manhattan Office 4.97 0.40 5.37 6.70 % -4.44 %
Downtown Manhattan Office 7.54 0.54 8.08 8.60 % 3.48 %
Total Manhattan Office 29.47 3.22 32.69 7.70 % -3.01 %
 
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 28.66 7.46 36.12 11.05 % -1.31 %
Midtown South Manhattan Office 8.23 0.93 9.16 8.85 % -3.65 %
Downtown Manhattan Office 20.67 1.68 22.34 16.67 % 1.04 %
Total Manhattan Office 57.56 10.06 67.62 11.98 % -0.85 %


September 2011 Office Space For Lease in NYC

Manhattan Office Vacancy Market

  • Total Manhattan Office direct lease vacancy decreased from 30.41 million RSF to 29.47 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3.27 million RSF to 3.22 million RSF.

September 2011 New York Commercial Office Space by area

Manhattan Office Rent Vacancy by Area

  • Total Manhattan Office Market vacancy increased from 33.67 million RSF to 32.69 million RSF.
  • Total Midtown Office vacancy decreased from 20.27 million RSF to 19.24 million RSF.
  • Total Midtown South Office vacancy decreased from 5.60 million RSF to 5.37 million RSF.
  • Total Downtown Office vacancy increased from 7.80 million RSF to 8.08 million RSF.


September 2011 Midtown Manhattan Office Space For Rent

Midtown Manhattan Office Rent

  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.95 million RSF to 16.96 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.31 million RSF to 2.28 million RSF.


September 2011 Midtown South Manhattan office space for lease

Midtown South Manhattan Office Rent

  • Total vacant Office Direct Space in Midtown South Manhattan decreased from 5.21 million RSF to 4.97 million RSF.
  • Midtown South Manhattan Sublease vacancies stayed at 0.40 million RSF.


September 2011 Downtown Manhattan Office Space Rent

Downtown Manhattan Office Rent

  • Total Downtown Manhattan Office Direct Lease Space increased from 7.25 million RSF to 7.54 million RSF.
  • Total Downtown Manhattan Office Sublease Vacancies decreased from 0.56 million RSF to 0.54 million RSF.




 MANHATTAN RETAIL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Retail 0.31 0.01 0.32 1.90 % -2.52 %
Midtown South Manhattan Retail 0.46 0.00 0.47 2.10 % -11.15 %
Downtown Manhattan Retail 0.23 0.00 0.23 3.40 % 45.78 %
Total Retail 1.00 0.01 1.01 2.20 % 4.26 %
 
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 0.11 0.80 4.55 % -0.25 %
Midtown South Manhattan Retail 1.07 0.04 1.11 4.31 % -5.60 %
Downtown Manhattan Retail 0.31 0.00 0.32 4.59 % 29.56 %
Total Retail 2.07 0.16 2.23 4.43 % 1.35 %


September 2011 Manhattan Retail Space For Rent

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.01 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.33 million RSF to 0.32 million RSF.
  • Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.47 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.12 million RSF to 0.23 million RSF.




  MANHATTAN INDUSTRIAL VACANT SPACE (In Millions of Rentable Square Feet)
   Direct  Sublease  Total  % Vacant  % Monthly
Change
Midtown Manhattan Industrial 0.02 0.00 0.02 0.50 % 0.00 %
Midtown South Manhattan Industrial 0.08 0.00 0.08 1.60 % 0.00 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.11 0.00 0.11 1.00 % 0.00 %
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 0.02 0.18 0.20 4.26 % 0.00 %
Midtown South Manhattan Industrial 0.20 0.00 0.20 3.83 % 0.00 %
Downtown Manhattan Industrial 0.00 0.00 0.00 0.00 % 0.00 %
Total Industrial 0.23 0.18 0.40 3.77 % 0.00 %
 


September 2011 New York Commercial Industrial Space in NYC For Rent

Manhattan Industrial Rent Vacancy

  • Total Manhattan Industrial Vacant Space stayed at 0.11 million RSF.
  • Midtown vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.08 million RSF.


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 NYC 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:
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