market research

December 2008

December 2008 » Market Analysis » New York Market Data

December 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 26.52 million RSF to 27.87 million RSF.
  • Total Midtown Office vacancy increased from 14.82 million RSF to 16.01 million RSF.
  • Total Midtown South Office vacancy increased from 5.62 million RSF to 5.75 million RSF.
  • Total Downtown Office vacancy increased from 6.09 million RSF to 6.11 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 21.58 million RSF to 22.5 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 12.09 million RSF to 12.96 million RSF.
  • Manhattan Office Sublease vacancy increased from 4.94 million RSF to 5.37 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.73 million RSF to 3.05 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.04 million RSF to 5.07 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.58 million RSF to 0.68 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.45 million RSF to 4.48 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.64 million RSF to 1.63 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 stayed at 0.28 million RSF.
  • Midtown South Retail space vacancies increased from 0.58 million RSF to 0.61 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.55 million RSF to 0.37 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.194 million RSF to 0.021 million RSF
  • Midtown South Industrial space vacancies decreased from 0.351 million RSF to 0.345 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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