April 2012 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 30.97 million RSF to 31.14 million RSF.
• Total Midtown Office vacancy increased from 19.63 million RSF to 19.77 million RSF.
• Total Midtown South Office vacancy increased from 4.0 million RSF to 4.19 million RSF.
• Total Downtown Office vacancy decreased from 7.35 million RSF to 7.18 million RSF
• Total Manhattan Office direct lease vacancy decreased from 27.64 million RSF to 27.63 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.19 million RSF to 17.22 million RSF.
• Manhattan Office Sublease vacancy increased from 3.33 million RSF to 3.5 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.44 million RSF to 2.54 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.77 million RSF to 3.92 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.22 million RSF to 0.27 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.67 million RSF to 6.49 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.67 million RSF to 0.7 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.88 million RSF to 0.89 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.31 million RSF.
• Midtown South Retail space vacancies stayed at 0.38 million RSF.
• In Downtown Manhattan, Retail vacancy increased from 0.18 million RSF to 0.2 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.05 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
• Midtown South Industrial space vacancies stayed at 0.05 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.