market research

May 2010

May 2010 » Market Analysis » New York Market Data

May 2010 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 36.32 million RSF to 35.48 million RSF
  • Total Midtown Office vacancy decreased from 22.44 million RSF to 21.89 million RSF
  • Total Midtown South Office vacancy increased from 6.61 million RSF to 6.67 million RSF.
  • Total Downtown Office vacancy decreased from 7.27 million RSF to 6.93 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 30.35 million RSF to 29.82 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.57 million RSF to 18.36 million RSF
  • Manhattan Office Sublease vacancy decreased from 5.97 million RSF to 5.66 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.87 million RSF to 3.53 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.93 million RSF to 5.86 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.68 million RSF to 0.81 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 5.85 million RSF to 5.61 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.42 million RSF to 1.32 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.08 million RSF to 1.04 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.33 million RSF.
  • Midtown South Retail space vacancies decreased from 0.63 million RSF to 0.6 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.37 million RSF to 0.38 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.08 million RSF.
  • Midtown South Industrial space vacancies increased from 0.292 million RSF to 0.299 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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