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April 2009

April 2009 » Market Analysis » New York Market Data
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April 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 31.32 million RSF to 31.3 million RSF
  • Total Midtown Office vacancy increased from 19.06 million RSF to 19.2 million RSF.
  • Total Midtown South Office vacancy decreased from 6.12 million RSF to 5.94 million RSF
  • Total Downtown Office vacancy increased from 6.14 million RSF to 6.16 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 24.51 million RSF to 24.8 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 14.8 million RSF to 15.18 million RSF.
  • Manhattan Office Sublease vacancy decreased from 6.81 million RSF to 6.49 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 4.26 million RSF to 4.02 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.36 million RSF to 5.22 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.76 million RSF to 0.72 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.35 million RSF to 4.4 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.79 million RSF to 1.75 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.14 million RSF to 1.05 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.27 million RSF to 0.29 million RSF.
  • Midtown South Retail space vacancies decreased from 0.71 million RSF to 0.6 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 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 decreased from 0.017 million RSF to 0.014 million RSF
  • Midtown South Industrial space vacancies stayed at 0.31 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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