market research

May 2008

May 2008 » Market Analysis » New York Market Data

May 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 21.02 million RSF to 22.31 million RSF.
  • Total Midtown Office vacancy increased from 11.6 million RSF to 11.87 million RSF.
  • Total Midtown South Office vacancy increased from 3.9 million RSF to 4.07 million RSF.
  • Total Downtown Office vacancy increased from 5.52 million RSF to 6.37 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 9.72 million RSF to 9.9 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 18.04 million RSF to 18.45 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.88 million RSF to 1.97 million RSF.
  • Manhattan Office Sublease vacancy increased from 2.98 million RSF to 3.87 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.6 million RSF to 3.78 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.29 million RSF to 0.29 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.72 million RSF to 4.76 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.8 million RSF to 1.61 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.12 million RSF to 1.09 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.24 million RSF to 0.23 million RSF
  • Midtown South Retail space vacancies decreased from 0.76 million RSF to 0.72 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.11 million RSF to 0.13 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.32 million RSF to 0.33 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.17 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.15 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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