market research

July 2007

July 2007 » Market Analysis » New York Market Data

July 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 20.92 million RSF to 20.51 million RSF
  • Total Midtown Office vacancy decreased from 11.32 million RSF to 11.07 million RSF
  • Total Midtown South Office vacancy decreased from 3.13 million RSF to 3.08 million RSF
  • Total Downtown Office vacancy decreased from 6.48 million RSF to 6.35 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 17.96 million RSF to 17.68 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.39 million RSF to 9.25 million RSF
  • Manhattan Office Sublease vacancy decreased from 2.97 million RSF to 2.83 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 1.92 million RSF to 1.83 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 2.83 million RSF to 2.79 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.3 million RSF to 0.29 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 5.73 million RSF to 5.64 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.75 million RSF to 0.71 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.0 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.17 million RSF to 0.19 million RSF.
  • Midtown South Retail space vacancies increased from 0.65 million RSF to 0.67 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.68 million RSF to 0.74 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.55 million RSF.
  • Midtown South Industrial space vacancies increased from 0.09 million RSF to 0.156 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.04 million RSF.
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