market research

April 2011

April 2011 » Market Analysis » New York Market Data

April 2011 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 35.93 million RSF to 35.77 million RSF
  • Total Midtown Office vacancy decreased from 20.94 million RSF to 20.6 million RSF
  • Total Midtown South Office vacancy decreased from 6.2 million RSF to 5.95 million RSF
  • Total Downtown Office vacancy increased from 8.79 million RSF to 9.22 million RSF.
  • Total Manhattan Office direct lease vacancy decreased from 32.43 million RSF to 32.33 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.89 million RSF to 18.46 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.5 million RSF to 3.45 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.05 million RSF to 2.14 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.69 million RSF to 5.48 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.52 million RSF to 0.47 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 7.86 million RSF to 8.39 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.94 million RSF to 0.84 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.84 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.22 million RSF to 0.24 million RSF.
  • Midtown South Retail space vacancies stayed at 0.49 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.1 million RSF to 0.12 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.16 million RSF to 0.11 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.048 million RSF to 0.025 million RSF
  • Midtown South Industrial space vacancies decreased from 0.112 million RSF to 0.089 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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