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August 2008

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


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 23.06 million RSF to 22.52 million RSF
  • Total Midtown Office vacancy increased from 12.19 million RSF to 12.37 million RSF.
  • Total Midtown South Office vacancy decreased from 4.4 million RSF to 4.36 million RSF
  • Total Downtown Office vacancy decreased from 6.46 million RSF to 5.79 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 10.12 million RSF to 10.38 million RSF.
  • Total Manhattan Office direct lease vacancy decreased from 19.13 million RSF to 18.65 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.08 million RSF to 1.99 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.94 million RSF to 3.86 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.07 million RSF to 4.03 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.33 million RSF to 0.33 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.94 million RSF to 4.24 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.53 million RSF to 1.54 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.11 million RSF to 1.1 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.26 million RSF to 0.25 million RSF
  • Midtown South Retail space vacancies stayed at 0.76 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.09 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.55 million RSF to 0.56 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.18 million RSF.
  • Midtown South Industrial space vacancies increased from 0.371 million RSF to 0.375 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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