market research

March 2007

March 2007 » Market Analysis » New York Market Data

March 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 23.6 million RSF to 22.6 million RSF
  • Total Midtown Office vacancy decreased from 12.26 million RSF to 12.05 million RSF
  • Total Midtown South Office vacancy decreased from 4.48 million RSF to 4.07 million RSF
  • Total Downtown Office vacancy decreased from 6.86 million RSF to 6.48 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 19.93 million RSF to 19.09 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.84 million RSF to 9.77 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.67 million RSF to 3.5 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.42 million RSF to 2.28 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.98 million RSF to 3.56 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.5 million RSF to 0.51 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.11 million RSF to 5.76 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.75 million RSF to 0.72 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.64 million RSF to 0.69 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.17 million RSF to 0.18 million RSF.
  • Midtown South Retail space vacancies increased from 0.34 million RSF to 0.36 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 0.78 million RSF to 0.56 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.56 million RSF to 0.359 million RSF
  • Midtown South Industrial space vacancies decreased from 0.18 million RSF to 0.16 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.04 million RSF.
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