market research

March 2008

March 2008 » Market Analysis » New York Market Data

March 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 20.94 million RSF to 21.4 million RSF.
  • Total Midtown Office vacancy increased from 11.57 million RSF to 11.66 million RSF.
  • Total Midtown South Office vacancy decreased from 4.15 million RSF to 4.04 million RSF
  • Total Downtown Office vacancy increased from 5.22 million RSF to 5.7 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.64 million RSF to 9.6 million RSF
  • Total Manhattan Office direct lease vacancy increased from 17.92 million RSF to 18.22 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.93 million RSF to 2.06 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.01 million RSF to 3.18 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.85 million RSF to 3.75 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.3 million RSF to 0.28 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.43 million RSF to 4.86 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.79 million RSF to 0.84 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.07 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.23 million RSF to 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.73 million RSF to 0.72 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.09 million RSF to 0.1 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.21 million RSF to 0.33 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.093 million RSF to 0.173 million RSF.
  • Midtown South Industrial space vacancies increased from 0.115 million RSF to 0.153 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building
Real Time Analytics