market research

October 2007

October 2007 » Market Analysis » New York Market Data

October 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 20.09 million RSF to 20.08 million RSF
  • Total Midtown Office vacancy decreased from 11.42 million RSF to 11.28 million RSF
  • Total Midtown South Office vacancy increased from 2.81 million RSF to 3.04 million RSF.
  • Total Downtown Office vacancy decreased from 5.87 million RSF to 5.76 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.65 million RSF to 9.5 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 17.37 million RSF to 17.29 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.77 million RSF to 1.78 million RSF.
  • Manhattan Office Sublease vacancy increased from 2.72 million RSF to 2.8 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 2.5 million RSF to 2.67 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.31 million RSF to 0.38 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 5.22 million RSF to 5.12 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.64 million RSF to 0.64 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.0 million RSF to 1.01 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.22 million RSF to 0.19 million RSF
  • Midtown South Retail space vacancies increased from 0.66 million RSF to 0.71 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 stayed at 0.26 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.11 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.14 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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