market research

December 2009

December 2009 » Market Analysis » New York Market Data

December 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 34.41 million RSF to 34.89 million RSF.
  • Total Midtown Office vacancy increased from 21.21 million RSF to 21.71 million RSF.
  • Total Midtown South Office vacancy increased from 6.79 million RSF to 6.84 million RSF.
  • Total Downtown Office vacancy decreased from 6.42 million RSF to 6.34 million RSF
  • Total Manhattan Office direct lease vacancy increased from 27.98 million RSF to 28.59 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.23 million RSF to 17.89 million RSF.
  • Manhattan Office Sublease vacancy decreased from 6.43 million RSF to 6.3 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.97 million RSF to 3.82 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 6.07 million RSF to 6.06 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.72 million RSF to 0.78 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.68 million RSF to 4.64 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.74 million RSF to 1.7 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.02 million RSF to 1.07 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
  • Midtown South Retail space vacancies increased from 0.58 million RSF to 0.62 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.11 million RSF to 0.07 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.089 million RSF to 0.052 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building