market research

May 2007

May 2007 » Market Analysis » New York Market Data

May 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 21.73 million RSF to 21.58 million RSF
  • Total Midtown Office vacancy decreased from 11.64 million RSF to 11.48 million RSF
  • Total Midtown South Office vacancy increased from 3.91 million RSF to 3.98 million RSF.
  • Total Downtown Office vacancy decreased from 6.19 million RSF to 6.12 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.61 million RSF to 9.6 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 18.56 million RSF to 18.56 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.02 million RSF to 1.89 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.17 million RSF to 3.02 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.4 million RSF to 3.5 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.51 million RSF to 0.48 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 5.56 million RSF to 5.46 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.64 million RSF to 0.66 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.9 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.14 million RSF to 0.12 million RSF
  • Midtown South Retail space vacancies increased from 0.54 million RSF to 0.65 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.13 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.75 million RSF to 0.7 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.55 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.158 million RSF to 0.108 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.04 million RSF.
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