market research

June 2012

June 2012 » Market Analysis » New York Market Data

June 2012 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 30.53 million RSF to 30.47 million RSF
  • Total Midtown Office vacancy increased from 19.87 million RSF to 19.96 million RSF.
  • Total Midtown South Office vacancy decreased from 3.97 million RSF to 3.86 million RSF
  • Total Downtown Office vacancy decreased from 6.68 million RSF to 6.65 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 26.73 million RSF to 26.57 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.11 million RSF to 17.12 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.8 million RSF to 3.9 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.77 million RSF to 2.84 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.68 million RSF to 3.57 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.29 million RSF to 0.29 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 5.95 million RSF to 5.88 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.74 million RSF to 0.77 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.84 million RSF to 0.81 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.28 million RSF to 0.29 million RSF.
  • Midtown South Retail space vacancies decreased from 0.36 million RSF to 0.35 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.21 million RSF to 0.17 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.05 million RSF to 0.08 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
  • Midtown South Industrial space vacancies increased from 0.046 million RSF to 0.081 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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