market research

October 2009

October 2009 » Market Analysis » New York Market Data

October 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 33.91 million RSF to 33.88 million RSF
  • Total Midtown Office vacancy increased from 20.79 million RSF to 20.82 million RSF.
  • Total Midtown South Office vacancy decreased from 6.7 million RSF to 6.67 million RSF
  • Total Downtown Office vacancy decreased from 6.41 million RSF to 6.39 million RSF
  • Total Manhattan Office direct lease vacancy increased from 27.08 million RSF to 27.44 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 16.55 million RSF to 16.82 million RSF.
  • Manhattan Office Sublease vacancy decreased from 6.83 million RSF to 6.44 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 4.24 million RSF to 4.0 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.92 million RSF to 6.01 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.78 million RSF to 0.66 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.61 million RSF to 4.61 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.8 million RSF to 1.78 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.0 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.24 million RSF to 0.23 million RSF
  • Midtown South Retail space vacancies increased from 0.6 million RSF to 0.61 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.11 million RSF to 0.12 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.086 million RSF to 0.096 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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