market research

February 2008

February 2008 » Market Analysis » New York Market Data

February 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 22.35 million RSF to 20.94 million RSF
  • Total Midtown Office vacancy decreased from 12.49 million RSF to 11.57 million RSF
  • Total Midtown South Office vacancy decreased from 4.38 million RSF to 4.15 million RSF
  • Total Downtown Office vacancy decreased from 5.48 million RSF to 5.22 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 10.38 million RSF to 9.64 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 19.16 million RSF to 17.92 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.11 million RSF to 1.93 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.19 million RSF to 3.01 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.11 million RSF to 3.85 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.27 million RSF to 0.3 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.68 million RSF to 4.43 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.8 million RSF to 0.79 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.06 million RSF to 1.05 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.21 million RSF to 0.23 million RSF.
  • Midtown South Retail space vacancies decreased from 0.77 million RSF to 0.73 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.08 million RSF to 0.09 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.2 million RSF to 0.21 million RSF.
  • Midtown Manhattan Industrial vacancy decreased from 0.097 million RSF to 0.093 million RSF
  • Midtown South Industrial space vacancies increased from 0.095 million RSF to 0.115 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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