market research

May 2012

May 2012 » Market Analysis » New York Market Data

May 2012 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 31.14 million RSF to 30.53 million RSF
  • Total Midtown Office vacancy increased from 19.77 million RSF to 19.87 million RSF.
  • Total Midtown South Office vacancy decreased from 4.19 million RSF to 3.97 million RSF
  • Total Downtown Office vacancy decreased from 7.18 million RSF to 6.68 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.22 million RSF to 17.11 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 27.63 million RSF to 26.73 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.54 million RSF to 2.77 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.5 million RSF to 3.8 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.92 million RSF to 3.68 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.27 million RSF to 0.29 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.49 million RSF to 5.95 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.7 million RSF to 0.74 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.89 million RSF to 0.84 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.31 million RSF to 0.28 million RSF
  • Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.36 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.2 million RSF to 0.21 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.05 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.05 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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