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March 2007 » Market Analysis » New York Market Data
Market Analysis
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NYC Real Estate Statistics
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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.
