market research

March 2010

March 2010 » Market Analysis » New York Market Data

March 2010 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 35.68 million RSF to 36.22 million RSF.
  • Total Midtown Office vacancy increased from 22.27 million RSF to 22.48 million RSF.
  • Total Midtown South Office vacancy increased from 6.71 million RSF to 6.71 million RSF.
  • Total Downtown Office vacancy increased from 6.7 million RSF to 7.02 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 29.77 million RSF to 30.17 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.38 million RSF to 18.54 million RSF.
  • Manhattan Office Sublease vacancy increased from 5.91 million RSF to 6.05 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.88 million RSF to 3.94 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 6.09 million RSF to 6.06 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.61 million RSF to 0.65 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 5.29 million RSF to 5.57 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.41 million RSF to 1.45 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.07 million RSF to 1.14 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.32 million RSF to 0.36 million RSF.
  • Midtown South Retail space vacancies stayed at 0.61 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.17 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.31 million RSF to 0.33 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.013 million RSF to 0.036 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.29 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