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March 2012

March 2012 » Market Analysis » New York Market Data

March 2012 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 31.16 million RSF to 30.97 million RSF
  • Total Midtown Office vacancy increased from 19.62 million RSF to 19.63 million RSF.
  • Total Midtown South Office vacancy decreased from 4.17 million RSF to 4.0 million RSF
  • Total Downtown Office vacancy decreased from 7.36 million RSF to 7.35 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 28.1 million RSF to 27.64 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.23 million RSF to 17.19 million RSF
  • Manhattan Office Sublease vacancy increased from 3.06 million RSF to 3.33 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.39 million RSF to 2.44 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.96 million RSF to 3.77 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.22 million RSF to 0.22 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.91 million RSF to 6.67 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.45 million RSF to 0.67 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.86 million RSF to 0.88 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.29 million RSF to 0.31 million RSF.
  • Midtown South Retail space vacancies decreased from 0.39 million RSF to 0.38 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.18 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.07 million RSF to 0.05 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.069 million RSF to 0.046 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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