market research

April 2007

April 2007 » Market Analysis » New York Market Data

April 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 22.6 million RSF to 21.73 million RSF
  • Total Midtown Office vacancy decreased from 12.05 million RSF to 11.64 million RSF
  • Total Midtown South Office vacancy decreased from 4.07 million RSF to 3.91 million RSF
  • Total Downtown Office vacancy decreased from 6.48 million RSF to 6.19 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 19.09 million RSF to 18.56 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.77 million RSF to 9.61 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.5 million RSF to 3.17 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.28 million RSF to 2.02 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.56 million RSF to 3.4 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.51 million RSF to 0.51 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 5.76 million RSF to 5.56 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.72 million RSF to 0.64 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.69 million RSF to 0.81 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.18 million RSF to 0.14 million RSF
  • Midtown South Retail space vacancies increased from 0.36 million RSF to 0.54 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.56 million RSF to 0.75 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.359 million RSF to 0.553 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.16 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.04 million RSF.
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