market research

June 2009

June 2009 » Market Analysis » New York Market Data

June 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 31.98 million RSF to 31.92 million RSF
  • Total Midtown Office vacancy decreased from 19.57 million RSF to 19.54 million RSF
  • Total Midtown South Office vacancy increased from 6.16 million RSF to 6.28 million RSF.
  • Total Downtown Office vacancy decreased from 6.25 million RSF to 6.09 million RSF
  • Total Manhattan Office direct lease vacancy increased from 25.24 million RSF to 25.46 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 15.3 million RSF to 15.49 million RSF.
  • Manhattan Office Sublease vacancy decreased from 6.73 million RSF to 6.46 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 4.27 million RSF to 4.06 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.38 million RSF to 5.51 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.78 million RSF to 0.78 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.56 million RSF to 4.46 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.69 million RSF to 1.63 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.07 million RSF to 1.05 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.29 million RSF to 0.28 million RSF
  • Midtown South Retail space vacancies stayed at 0.63 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.15 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.08 million RSF to 0.09 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.01 million RSF to 0.019 million RSF.
  • Midtown South Industrial space vacancies increased from 0.069 million RSF to 0.075 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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