market research

March 2009

March 2009 » Market Analysis » New York Market Data

March 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 32.17 million RSF to 31.32 million RSF
  • Total Midtown Office vacancy increased from 18.87 million RSF to 19.06 million RSF.
  • Total Midtown South Office vacancy decreased from 6.18 million RSF to 6.12 million RSF
  • Total Downtown Office vacancy decreased from 7.12 million RSF to 6.14 million RSF
  • Total Manhattan Office direct lease vacancy increased from 24.41 million RSF to 24.51 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 14.71 million RSF to 14.8 million RSF.
  • Manhattan Office Sublease vacancy decreased from 7.76 million RSF to 6.81 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 4.16 million RSF to 4.26 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.32 million RSF to 5.36 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.86 million RSF to 0.76 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.39 million RSF to 4.35 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 2.74 million RSF to 1.79 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space stayed at 1.14 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.3 million RSF to 0.27 million RSF
  • Midtown South Retail space vacancies increased from 0.68 million RSF to 0.71 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.34 million RSF to 0.33 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.319 million RSF to 0.309 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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