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.