market research

August 2007

August 2007 » Market Analysis » New York Market Data

August 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 20.51 million RSF to 20.68 million RSF.
  • Total Midtown Office vacancy increased from 11.07 million RSF to 11.38 million RSF.
  • Total Midtown South Office vacancy decreased from 3.08 million RSF to 2.94 million RSF
  • Total Downtown Office vacancy increased from 6.35 million RSF to 6.36 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 17.68 million RSF to 17.86 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 9.25 million RSF to 9.52 million RSF.
  • Manhattan Office Sublease vacancy decreased from 2.83 million RSF to 2.82 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.83 million RSF to 1.86 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 2.79 million RSF to 2.63 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.29 million RSF to 0.3 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 5.64 million RSF to 5.71 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.71 million RSF to 0.65 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.98 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.19 million RSF.
  • Midtown South Retail space vacancies stayed at 0.67 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.12 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.74 million RSF to 0.27 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.55 million RSF to 0.101 million RSF
  • Midtown South Industrial space vacancies increased from 0.156 million RSF to 0.167 million RSF.
  • In Downtown Manhattan, Industrial vacancy decreased from 0.038 million RSF to 0.003 million RSF
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