market research

November 2012

November 2012 » Market Analysis » New York Market Data

November 2012 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 33.3 million RSF to 31.23 million RSF
  • Total Midtown Office vacancy decreased from 21.09 million RSF to 20.27 million RSF
  • Total Midtown South Office vacancy decreased from 4.72 million RSF to 4.61 million RSF
  • Total Downtown Office vacancy decreased from 7.5 million RSF to 6.36 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.69 million RSF to 16.81 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 28.88 million RSF to 26.85 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.4 million RSF to 3.46 million RSF.
  • Manhattan Office Sublease vacancy decreased from 4.42 million RSF to 4.39 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.42 million RSF to 4.39 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.3 million RSF to 0.22 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.77 million RSF to 5.65 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.73 million RSF to 0.71 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.83 million RSF to 0.8 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.36 million RSF to 0.39 million RSF.
  • Midtown South Retail space vacancies decreased from 0.32 million RSF to 0.26 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.08 million RSF to 0.15 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.0 million RSF to 0.066 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.08 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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