market research

September 2012

September 2012 » Market Analysis » New York Market Data

September 2012 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 31.54 million RSF to 32.44 million RSF.
  • Total Midtown Office vacancy increased from 20.64 million RSF to 21.12 million RSF.
  • Total Midtown South Office vacancy decreased from 4.12 million RSF to 3.82 million RSF
  • Total Downtown Office vacancy increased from 6.78 million RSF to 7.5 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 27.26 million RSF to 27.93 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.4 million RSF to 17.71 million RSF.
  • Manhattan Office Sublease vacancy increased from 4.27 million RSF to 4.51 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.24 million RSF to 3.41 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 3.83 million RSF to 3.53 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.29 million RSF to 0.29 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.03 million RSF to 6.68 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.75 million RSF to 0.81 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.92 million RSF to 0.85 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.4 million RSF to 0.37 million RSF
  • Midtown South Retail space vacancies decreased from 0.34 million RSF to 0.33 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.17 million RSF to 0.15 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.08 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.0 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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