market research

January 2009

January 2009 » Market Analysis » New York Market Data

January 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 27.87 million RSF to 31.34 million RSF.
  • Total Midtown Office vacancy increased from 16.01 million RSF to 18.67 million RSF.
  • Total Midtown South Office vacancy increased from 5.75 million RSF to 6.27 million RSF.
  • Total Downtown Office vacancy increased from 6.11 million RSF to 6.41 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 22.5 million RSF to 24.43 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 12.96 million RSF to 14.49 million RSF.
  • Manhattan Office Sublease vacancy increased from 5.37 million RSF to 6.91 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.05 million RSF to 4.18 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.07 million RSF to 5.55 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.68 million RSF to 0.71 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.48 million RSF to 4.39 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.63 million RSF to 2.01 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.03 million RSF to 1.11 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.28 million RSF to 0.32 million RSF.
  • Midtown South Retail space vacancies increased from 0.61 million RSF to 0.64 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.37 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.345 million RSF to 0.346 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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