market research

September 2011

September 2011 » Market Analysis » New York Market Data

September 2011 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 33.67 million RSF to 32.69 million RSF
  • Total Midtown Office vacancy decreased from 20.27 million RSF to 19.24 million RSF
  • Total Midtown South Office vacancy decreased from 5.6 million RSF to 5.37 million RSF
  • Total Downtown Office vacancy increased from 7.8 million RSF to 8.08 million RSF.
  • Total Manhattan Office direct lease vacancy decreased from 30.41 million RSF to 29.47 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.95 million RSF to 16.96 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.27 million RSF to 3.22 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.31 million RSF to 2.27 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.21 million RSF to 4.97 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.4 million RSF to 0.4 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 7.25 million RSF to 7.54 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.56 million RSF to 0.54 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.01 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.33 million RSF to 0.32 million RSF
  • Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.47 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.12 million RSF to 0.23 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.11 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.08 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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