December 2010 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 36.38 million RSF to 35.8 million RSF
• Total Midtown Office vacancy decreased from 21.53 million RSF to 21.32 million RSF
• Total Midtown South Office vacancy decreased from 6.56 million RSF to 6.4 million RSF
• Total Downtown Office vacancy decreased from 8.29 million RSF to 8.08 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.08 million RSF to 19.06 million RSF
• Total Manhattan Office direct lease vacancy decreased from 31.85 million RSF to 31.64 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.45 million RSF to 2.26 million RSF
• Manhattan Office Sublease vacancy decreased from 4.52 million RSF to 4.15 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.88 million RSF to 5.78 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.68 million RSF to 0.62 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.89 million RSF to 6.81 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.4 million RSF to 1.27 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 0.87 million RSF to 0.86 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.24 million RSF.
• Midtown South Retail space vacancies stayed at 0.5 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.13 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.17 million RSF.
• Midtown Manhattan Industrial vacancy decreased from 0.079 million RSF to 0.071 million RSF
• Midtown South Industrial space vacancies stayed at 0.09 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.