market research

February 2010

February 2010 » Market Analysis » New York Market Data

February 2010 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 34.95 million RSF to 35.68 million RSF.
  • Total Midtown Office vacancy increased from 21.97 million RSF to 22.27 million RSF.
  • Total Midtown South Office vacancy decreased from 6.73 million RSF to 6.71 million RSF
  • Total Downtown Office vacancy increased from 6.24 million RSF to 6.7 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 28.71 million RSF to 29.77 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.01 million RSF to 18.38 million RSF.
  • Manhattan Office Sublease vacancy decreased from 6.24 million RSF to 5.91 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.96 million RSF to 3.88 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 6.04 million RSF to 6.09 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.7 million RSF to 0.61 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.66 million RSF to 5.29 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.58 million RSF to 1.41 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.09 million RSF to 1.07 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.29 million RSF to 0.32 million RSF.
  • Midtown South Retail space vacancies decreased from 0.65 million RSF to 0.61 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.07 million RSF to 0.31 million RSF.
  • Midtown Manhattan Industrial vacancy decreased from 0.018 million RSF to 0.013 million RSF
  • Midtown South Industrial space vacancies increased from 0.052 million RSF to 0.292 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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