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April 2008

April 2008 » Market Analysis » New York Market Data
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April 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 21.4 million RSF to 21.02 million RSF
  • Total Midtown Office vacancy decreased from 11.66 million RSF to 11.6 million RSF
  • Total Midtown South Office vacancy decreased from 4.04 million RSF to 3.9 million RSF
  • Total Downtown Office vacancy decreased from 5.7 million RSF to 5.52 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 18.22 million RSF to 18.04 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 9.6 million RSF to 9.72 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3.18 million RSF to 2.98 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.06 million RSF to 1.88 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.75 million RSF to 3.6 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.28 million RSF to 0.29 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.86 million RSF to 4.72 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.84 million RSF to 0.8 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.07 million RSF to 1.12 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.24 million RSF
  • Midtown South Retail space vacancies increased from 0.72 million RSF to 0.76 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.1 million RSF to 0.11 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.33 million RSF to 0.32 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.17 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.15 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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