market research

June 2007

June 2007 » Market Analysis » New York Market Data

June 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 21.58 million RSF to 20.92 million RSF
  • Total Midtown Office vacancy decreased from 11.48 million RSF to 11.32 million RSF
  • Total Midtown South Office vacancy decreased from 3.98 million RSF to 3.13 million RSF
  • Total Downtown Office vacancy increased from 6.12 million RSF to 6.48 million RSF.
  • Total Manhattan Office direct lease vacancy decreased from 18.56 million RSF to 17.96 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.6 million RSF to 9.39 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.02 million RSF to 2.97 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.89 million RSF to 1.92 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.5 million RSF to 2.83 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.48 million RSF to 0.3 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 5.46 million RSF to 5.73 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.66 million RSF to 0.75 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.9 million RSF to 0.97 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.12 million RSF to 0.17 million RSF.
  • Midtown South Retail space vacancies stayed at 0.65 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.7 million RSF to 0.68 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.55 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.108 million RSF to 0.09 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.04 million RSF.
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