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August 2009

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


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 32.71 million RSF to 33.76 million RSF.
  • Total Midtown Office vacancy increased from 19.96 million RSF to 20.97 million RSF.
  • Total Midtown South Office vacancy increased from 6.41 million RSF to 6.54 million RSF.
  • Total Downtown Office vacancy decreased from 6.33 million RSF to 6.24 million RSF
  • Total Manhattan Office direct lease vacancy increased from 25.88 million RSF to 26.81 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 15.87 million RSF to 16.66 million RSF.
  • Manhattan Office Sublease vacancy increased from 6.83 million RSF to 6.95 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 4.1 million RSF to 4.31 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.55 million RSF to 5.7 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.85 million RSF to 0.84 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.46 million RSF to 4.44 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.88 million RSF to 1.8 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.04 million RSF to 1.01 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.28 million RSF to 0.25 million RSF
  • Midtown South Retail space vacancies stayed at 0.63 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.09 million RSF to 0.1 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.071 million RSF to 0.084 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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