market research

November 2008

November 2008 » Market Analysis » New York Market Data

November 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 24.26 million RSF to 26.52 million RSF.
  • Total Midtown Office vacancy increased from 14.03 million RSF to 14.82 million RSF.
  • Total Midtown South Office vacancy increased from 4.63 million RSF to 5.62 million RSF.
  • Total Downtown Office vacancy increased from 5.61 million RSF to 6.09 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 20.03 million RSF to 21.58 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 11.77 million RSF to 12.09 million RSF.
  • Manhattan Office Sublease vacancy increased from 4.23 million RSF to 4.94 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.25 million RSF to 2.73 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.21 million RSF to 5.04 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.41 million RSF to 0.58 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.04 million RSF to 4.45 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.56 million RSF to 1.64 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.99 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.25 million RSF to 0.28 million RSF.
  • Midtown South Retail space vacancies decreased from 0.61 million RSF to 0.58 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.14 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.54 million RSF to 0.55 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.19 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.35 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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