market research

February 2009

February 2009 » Market Analysis » New York Market Data

February 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 31.34 million RSF to 32.17 million RSF.
  • Total Midtown Office vacancy increased from 18.67 million RSF to 18.87 million RSF.
  • Total Midtown South Office vacancy decreased from 6.27 million RSF to 6.18 million RSF
  • Total Downtown Office vacancy increased from 6.41 million RSF to 7.12 million RSF.
  • Total Manhattan Office direct lease vacancy decreased from 24.43 million RSF to 24.41 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 14.49 million RSF to 14.71 million RSF.
  • Manhattan Office Sublease vacancy increased from 6.91 million RSF to 7.76 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 4.18 million RSF to 4.16 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.55 million RSF to 5.32 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.71 million RSF to 0.86 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.39 million RSF to 4.39 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 2.01 million RSF to 2.74 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.11 million RSF to 1.14 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.32 million RSF to 0.3 million RSF
  • Midtown South Retail space vacancies increased from 0.64 million RSF to 0.68 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.16 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.37 million RSF to 0.34 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.346 million RSF to 0.319 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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