market research

December 2007

December 2007 » Market Analysis » New York Market Data

December 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 21.16 million RSF to 20.32 million RSF
  • Total Midtown Office vacancy decreased from 11.37 million RSF to 10.75 million RSF
  • Total Midtown South Office vacancy decreased from 4.09 million RSF to 3.96 million RSF
  • Total Downtown Office vacancy decreased from 5.7 million RSF to 5.6 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 18.16 million RSF to 17.49 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.54 million RSF to 9.04 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.0 million RSF to 2.83 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 1.83 million RSF to 1.71 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.71 million RSF to 3.66 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.38 million RSF to 0.3 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.91 million RSF to 4.78 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.79 million RSF to 0.81 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.03 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.22 million RSF to 0.21 million RSF
  • Midtown South Retail space vacancies increased from 0.7 million RSF to 0.75 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.07 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.2 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.1 million RSF.
  • Midtown South Industrial space vacancies increased from 0.089 million RSF to 0.097 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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