market research

July 2011

July 2011 » Market Analysis » New York Market Data

July 2011 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 35.22 million RSF to 33.39 million RSF
  • Total Midtown Office vacancy decreased from 20.61 million RSF to 19.57 million RSF
  • Total Midtown South Office vacancy decreased from 5.79 million RSF to 5.63 million RSF
  • Total Downtown Office vacancy decreased from 8.81 million RSF to 8.19 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 31.92 million RSF to 30.15 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.39 million RSF to 17.46 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.3 million RSF to 3.24 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.23 million RSF to 2.12 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.44 million RSF to 5.23 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.36 million RSF to 0.4 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.1 million RSF to 7.46 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.71 million RSF to 0.72 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.95 million RSF to 0.94 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.31 million RSF.
  • Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.5 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.12 million RSF to 0.13 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.11 million RSF.
  • Midtown Manhattan Industrial vacancy decreased from 0.025 million RSF to 0.021 million RSF
  • Midtown South Industrial space vacancies stayed at 0.09 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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