market research

September 2008

September 2008 » Market Analysis » New York Market Data

September 2008 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 22.52 million RSF to 23.23 million RSF.
  • Total Midtown Office vacancy increased from 12.37 million RSF to 13.04 million RSF.
  • Total Midtown South Office vacancy increased from 4.36 million RSF to 4.53 million RSF.
  • Total Downtown Office vacancy decreased from 5.79 million RSF to 5.67 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 10.38 million RSF to 10.83 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 18.65 million RSF to 19.06 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.99 million RSF to 2.21 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.86 million RSF to 4.17 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.03 million RSF to 4.15 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.33 million RSF to 0.38 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.24 million RSF to 4.08 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.54 million RSF to 1.58 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.1 million RSF to 1.07 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.76 million RSF to 0.72 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.09 million RSF to 0.1 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.56 million RSF to 0.55 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.18 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.375 million RSF to 0.37 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