market research

June 2008

June 2008 » Market Analysis » New York Market Data

June 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 22.31 million RSF to 22.68 million RSF.
  • Total Midtown Office vacancy increased from 11.87 million RSF to 12.15 million RSF.
  • Total Midtown South Office vacancy increased from 4.07 million RSF to 4.22 million RSF.
  • Total Downtown Office vacancy decreased from 6.37 million RSF to 6.31 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 9.9 million RSF to 10.29 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 18.45 million RSF to 18.99 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 1.97 million RSF to 1.86 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.87 million RSF to 3.69 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.78 million RSF to 3.95 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.29 million RSF to 0.27 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.76 million RSF to 4.75 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.61 million RSF to 1.55 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.09 million RSF to 1.1 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.23 million RSF to 0.24 million RSF.
  • Midtown South Retail space vacancies increased from 0.72 million RSF to 0.74 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.33 million RSF to 0.31 million RSF
  • Midtown Manhattan Industrial vacancy increased from 0.174 million RSF to 0.178 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.153 million RSF to 0.136 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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