market research

May 2009

May 2009 » Market Analysis » New York Market Data

May 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 31.3 million RSF to 31.98 million RSF.
  • Total Midtown Office vacancy increased from 19.2 million RSF to 19.57 million RSF.
  • Total Midtown South Office vacancy increased from 5.94 million RSF to 6.16 million RSF.
  • Total Downtown Office vacancy increased from 6.16 million RSF to 6.25 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 24.8 million RSF to 25.24 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 15.18 million RSF to 15.3 million RSF.
  • Manhattan Office Sublease vacancy increased from 6.49 million RSF to 6.73 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 4.02 million RSF to 4.27 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.22 million RSF to 5.38 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.72 million RSF to 0.78 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.4 million RSF to 4.56 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.75 million RSF to 1.69 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.07 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
  • Midtown South Retail space vacancies increased from 0.6 million RSF to 0.63 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.32 million RSF to 0.08 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.01 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.309 million RSF to 0.069 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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