October 2010 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 37.46 million RSF to 37.07 million RSF
• Total Midtown Office vacancy decreased from 22.24 million RSF to 22.16 million RSF
• Total Midtown South Office vacancy increased from 6.53 million RSF to 6.63 million RSF.
• Total Downtown Office vacancy decreased from 8.69 million RSF to 8.28 million RSF
• Total Manhattan Office direct lease vacancy increased from 32.04 million RSF to 32.22 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 19.08 million RSF to 19.44 million RSF.
• Manhattan Office Sublease vacancy decreased from 5.42 million RSF to 4.86 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.16 million RSF to 2.72 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.7 million RSF to 5.87 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.83 million RSF to 0.76 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.25 million RSF to 6.9 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.43 million RSF to 1.38 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.85 million RSF to 0.88 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.25 million RSF to 0.28 million RSF.
• Midtown South Retail space vacancies increased from 0.49 million RSF to 0.5 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.11 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.41 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.07 million RSF.
• Midtown South Industrial space vacancies stayed at 0.33 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.