market research

January 2011

January 2011 » Market Analysis » New York Market Data

January 2011 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 35.8 million RSF to 34.87 million RSF
  • Total Midtown Office vacancy decreased from 21.32 million RSF to 20.8 million RSF
  • Total Midtown South Office vacancy decreased from 6.4 million RSF to 6.12 million RSF
  • Total Downtown Office vacancy decreased from 8.08 million RSF to 7.96 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 31.64 million RSF to 31.09 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.06 million RSF to 18.73 million RSF
  • Manhattan Office Sublease vacancy decreased from 4.15 million RSF to 3.78 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.26 million RSF to 2.06 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.78 million RSF to 5.56 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.62 million RSF to 0.56 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.81 million RSF to 6.8 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.27 million RSF to 1.16 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.86 million RSF to 0.82 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.5 million RSF to 0.46 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.17 million RSF to 0.18 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.07 million RSF.
  • Midtown South Industrial space vacancies increased from 0.094 million RSF to 0.112 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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