market research

June 2010

June 2010 » Market Analysis » New York Market Data

June 2010 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 35.48 million RSF to 36.21 million RSF.
  • Total Midtown Office vacancy decreased from 21.89 million RSF to 21.47 million RSF
  • Total Midtown South Office vacancy decreased from 6.67 million RSF to 6.48 million RSF
  • Total Downtown Office vacancy increased from 6.93 million RSF to 8.27 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 29.82 million RSF to 30.52 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.36 million RSF to 18.04 million RSF
  • Manhattan Office Sublease vacancy increased from 5.66 million RSF to 5.7 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.53 million RSF to 3.43 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.86 million RSF to 5.67 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.81 million RSF to 0.81 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 5.61 million RSF to 6.81 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.32 million RSF to 1.46 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.04 million RSF to 0.98 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.33 million RSF to 0.27 million RSF
  • Midtown South Retail space vacancies decreased from 0.6 million RSF to 0.58 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.11 million RSF to 0.13 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.38 million RSF to 0.42 million RSF.
  • Midtown Manhattan Industrial vacancy decreased from 0.077 million RSF to 0.071 million RSF
  • Midtown South Industrial space vacancies increased from 0.299 million RSF to 0.351 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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