market research

March 2013

March 2013 » Market Analysis » New York Market Data

March 2013 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 31.24 million RSF to 32.71 million RSF.
  • Total Midtown Office vacancy increased from 20.1 million RSF to 21.09 million RSF.
  • Total Midtown South Office vacancy increased from 4.39 million RSF to 4.62 million RSF.
  • Total Downtown Office vacancy increased from 6.75 million RSF to 7.0 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 27.17 million RSF to 27.94 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 16.81 million RSF to 17.43 million RSF.
  • Manhattan Office Sublease vacancy increased from 4.07 million RSF to 4.77 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.29 million RSF to 3.65 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.25 million RSF to 4.29 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.14 million RSF to 0.33 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.1 million RSF to 6.22 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.65 million RSF to 0.78 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.78 million RSF to 0.8 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.39 million RSF to 0.41 million RSF.
  • Midtown South Retail space vacancies stayed at 0.24 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.13 million RSF to 0.12 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.042 million RSF to 0.027 million RSF
  • Midtown South Industrial space vacancies stayed at 0.09 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