market research

September 2007

September 2007 » Market Analysis » New York Market Data

September 2007 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 20.68 million RSF to 20.09 million RSF
  • Total Midtown Office vacancy increased from 11.38 million RSF to 11.42 million RSF.
  • Total Midtown South Office vacancy decreased from 2.94 million RSF to 2.81 million RSF
  • Total Downtown Office vacancy decreased from 6.36 million RSF to 5.87 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 17.86 million RSF to 17.37 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 9.52 million RSF to 9.65 million RSF.
  • Manhattan Office Sublease vacancy decreased from 2.82 million RSF to 2.72 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 1.86 million RSF to 1.77 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 2.63 million RSF to 2.5 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.3 million RSF to 0.31 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 5.71 million RSF to 5.22 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.65 million RSF to 0.64 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 increased from 0.19 million RSF to 0.22 million RSF.
  • Midtown South Retail space vacancies decreased from 0.67 million RSF to 0.66 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.12 million RSF to 0.13 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.27 million RSF to 0.26 million RSF
  • Midtown Manhattan Industrial vacancy increased from 0.101 million RSF to 0.108 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.167 million RSF to 0.145 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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