market research

September 2009

September 2009 » Market Analysis » New York Market Data

September 2009 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 33.76 million RSF to 33.91 million RSF.
  • Total Midtown Office vacancy decreased from 20.97 million RSF to 20.79 million RSF
  • Total Midtown South Office vacancy increased from 6.54 million RSF to 6.7 million RSF.
  • Total Downtown Office vacancy increased from 6.24 million RSF to 6.41 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 26.81 million RSF to 27.08 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 16.66 million RSF to 16.55 million RSF
  • Manhattan Office Sublease vacancy decreased from 6.95 million RSF to 6.83 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 4.31 million RSF to 4.24 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.7 million RSF to 5.92 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.84 million RSF to 0.78 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 4.44 million RSF to 4.61 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.8 million RSF to 1.8 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.98 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.24 million RSF
  • Midtown South Retail space vacancies decreased from 0.63 million RSF to 0.6 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.1 million RSF to 0.11 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.084 million RSF to 0.086 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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