market research

October 2011

October 2011 » Market Analysis » New York Market Data

October 2011 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 32.69 million RSF to 32.93 million RSF.
  • Total Midtown Office vacancy increased from 19.24 million RSF to 19.58 million RSF.
  • Total Midtown South Office vacancy decreased from 5.37 million RSF to 5.24 million RSF
  • Total Downtown Office vacancy increased from 8.08 million RSF to 8.11 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 29.47 million RSF to 29.81 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 16.96 million RSF to 17.29 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3.22 million RSF to 3.13 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.27 million RSF to 2.29 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.97 million RSF to 4.92 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.4 million RSF to 0.32 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 7.54 million RSF to 7.6 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.54 million RSF to 0.52 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.97 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.32 million RSF to 0.31 million RSF
  • Midtown South Retail space vacancies decreased from 0.47 million RSF to 0.45 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.23 million RSF to 0.21 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.11 million RSF to 0.1 million RSF
  • Midtown Manhattan Industrial vacancy increased from 0.021 million RSF to 0.028 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.084 million RSF to 0.069 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