market research

February 2011

February 2011 » Market Analysis » New York Market Data

February 2011 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 34.87 million RSF to 35.82 million RSF.
  • Total Midtown Office vacancy increased from 20.8 million RSF to 20.81 million RSF.
  • Total Midtown South Office vacancy increased from 6.12 million RSF to 6.28 million RSF.
  • Total Downtown Office vacancy increased from 7.96 million RSF to 8.73 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 31.09 million RSF to 32.37 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.73 million RSF to 18.87 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3.78 million RSF to 3.45 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.06 million RSF to 1.94 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.56 million RSF to 5.74 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.56 million RSF to 0.54 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.8 million RSF to 7.76 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.16 million RSF to 0.97 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.82 million RSF to 0.83 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.23 million RSF
  • Midtown South Retail space vacancies increased from 0.46 million RSF to 0.5 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.1 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.18 million RSF to 0.16 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.07 million RSF to 0.048 million RSF
  • Midtown South Industrial space vacancies stayed at 0.11 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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