market research

November 2009

November 2009 » Market Analysis » New York Market Data

November 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 33.88 million RSF to 34.41 million RSF.
  • Total Midtown Office vacancy increased from 20.82 million RSF to 21.21 million RSF.
  • Total Midtown South Office vacancy increased from 6.67 million RSF to 6.79 million RSF.
  • Total Downtown Office vacancy increased from 6.39 million RSF to 6.42 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 27.44 million RSF to 27.98 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 16.82 million RSF to 17.23 million RSF.
  • Manhattan Office Sublease vacancy decreased from 6.44 million RSF to 6.43 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 4.0 million RSF to 3.97 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 6.01 million RSF to 6.07 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.66 million RSF to 0.72 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.61 million RSF to 4.68 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.78 million RSF to 1.74 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.0 million RSF to 1.02 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.23 million RSF to 0.29 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 0.15 million RSF to 0.14 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.12 million RSF to 0.11 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.096 million RSF to 0.089 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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