market research

January 2012

January 2012 » Market Analysis » New York Market Data

January 2012 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 33.08 million RSF to 31.01 million RSF
  • Total Midtown Office vacancy decreased from 20.18 million RSF to 19.33 million RSF
  • Total Midtown South Office vacancy decreased from 4.89 million RSF to 4.19 million RSF
  • Total Downtown Office vacancy decreased from 8.0 million RSF to 7.49 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 29.81 million RSF to 27.89 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.69 million RSF to 16.95 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.26 million RSF to 3.12 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.49 million RSF to 2.38 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.59 million RSF to 3.91 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.31 million RSF to 0.27 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.53 million RSF to 7.02 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.47 million RSF to 0.46 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.95 million RSF to 0.9 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.35 million RSF to 0.29 million RSF
  • Midtown South Retail space vacancies increased from 0.41 million RSF to 0.42 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.19 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.08 million RSF to 0.07 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.007 million RSF to 0.0 million RSF
  • Midtown South Industrial space vacancies stayed at 0.07 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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