market research

July 2008

July 2008 » Market Analysis » New York Market Data

July 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 22.68 million RSF to 23.06 million RSF.
  • Total Midtown Office vacancy increased from 12.15 million RSF to 12.19 million RSF.
  • Total Midtown South Office vacancy increased from 4.22 million RSF to 4.4 million RSF.
  • Total Downtown Office vacancy increased from 6.31 million RSF to 6.46 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 10.29 million RSF to 10.12 million RSF
  • Total Manhattan Office direct lease vacancy increased from 18.99 million RSF to 19.13 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.86 million RSF to 2.08 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.69 million RSF to 3.94 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.95 million RSF to 4.07 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.27 million RSF to 0.33 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.75 million RSF to 4.94 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.55 million RSF to 1.53 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.11 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.26 million RSF.
  • Midtown South Retail space vacancies increased from 0.74 million RSF to 0.76 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.09 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.31 million RSF to 0.55 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.18 million RSF.
  • Midtown South Industrial space vacancies increased from 0.136 million RSF to 0.371 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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