market research

October 2008

October 2008 » Market Analysis » New York Market Data

October 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 23.23 million RSF to 24.26 million RSF.
  • Total Midtown Office vacancy increased from 13.04 million RSF to 14.03 million RSF.
  • Total Midtown South Office vacancy increased from 4.53 million RSF to 4.63 million RSF.
  • Total Downtown Office vacancy decreased from 5.67 million RSF to 5.61 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 10.83 million RSF to 11.77 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 19.06 million RSF to 20.03 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.21 million RSF to 2.25 million RSF.
  • Manhattan Office Sublease vacancy increased from 4.17 million RSF to 4.23 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.15 million RSF to 4.21 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.38 million RSF to 0.41 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.08 million RSF to 4.04 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.58 million RSF to 1.56 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.07 million RSF to 1.01 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.72 million RSF to 0.61 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.1 million RSF to 0.16 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.55 million RSF to 0.54 million RSF
  • Midtown Manhattan Industrial vacancy increased from 0.181 million RSF to 0.194 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.37 million RSF to 0.347 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building