market research

January 2008

January 2008 » Market Analysis » New York Market Data

January 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 20.32 million RSF to 22.35 million RSF.
  • Total Midtown Office vacancy increased from 10.75 million RSF to 12.49 million RSF.
  • Total Midtown South Office vacancy increased from 3.96 million RSF to 4.38 million RSF.
  • Total Downtown Office vacancy decreased from 5.6 million RSF to 5.48 million RSF
  • Total Manhattan Office direct lease vacancy increased from 17.49 million RSF to 19.16 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 9.04 million RSF to 10.38 million RSF.
  • Manhattan Office Sublease vacancy increased from 2.83 million RSF to 3.19 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.71 million RSF to 2.11 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.66 million RSF to 4.11 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.3 million RSF to 0.27 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.78 million RSF to 4.68 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.81 million RSF to 0.8 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.03 million RSF to 1.06 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.21 million RSF.
  • Midtown South Retail space vacancies increased from 0.75 million RSF to 0.77 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.07 million RSF to 0.08 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.2 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.1 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.1 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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