market research

December 2011

December 2011 » Market Analysis » New York Market Data

December 2011 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 33.38 million RSF to 33.08 million RSF
  • Total Midtown Office vacancy decreased from 20.3 million RSF to 20.18 million RSF
  • Total Midtown South Office vacancy decreased from 5.09 million RSF to 4.89 million RSF
  • Total Downtown Office vacancy increased from 7.98 million RSF to 8.0 million RSF.
  • Total Manhattan Office direct lease vacancy decreased from 30.16 million RSF to 29.81 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.89 million RSF to 17.69 million RSF
  • Manhattan Office Sublease vacancy increased from 3.22 million RSF to 3.26 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.41 million RSF to 2.49 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.78 million RSF to 4.59 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.32 million RSF to 0.31 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 7.49 million RSF to 7.53 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.5 million RSF to 0.47 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.99 million RSF to 0.95 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
  • Midtown South Retail space vacancies decreased from 0.42 million RSF to 0.41 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.22 million RSF to 0.19 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.1 million RSF to 0.08 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.028 million RSF to 0.007 million RSF
  • Midtown South Industrial space vacancies stayed at 0.07 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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