March 2007 » Market Analysis » New York Industrial Report

March 2007 New York Industrial Space Graphs and Statistics

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NEW YORK INDUSTRIAL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Industrial 0.16 0.2 0.36 2.8 % -0.18 %
Midtown South Manhattan Industrial 0.16 0.0 0.16 2.3 % -10.81 %
Downtown Manhattan Industrial 0.04 0.0 0.04 0.7 % 0.0 %
Total Manhattan Industrial 0.36 0.2 0.56 2.6 % -39.68 %
NEW YORK INDUSTRIAL VACANT SPACE NOW AND IN THE NEXT TWO YEARS
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Industrial 0.16 0.4 0.56 9.54 % -0.18 %
Midtown South Manhattan Industrial 0.22 0.0 0.22 3.21 % abc -10.81 %
Downtown Manhattan Industrial 0.04 0.0 0.04 0.01 % 0.0 %
Total Manhattan Industrial 0.42 0.4 0.82 % -3.05 %

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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