August 2012 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 31.21 million RSF to 31.54 million RSF.
• Total Midtown Office vacancy decreased from 20.89 million RSF to 20.64 million RSF
• Total Midtown South Office vacancy increased from 3.77 million RSF to 4.12 million RSF.
• Total Downtown Office vacancy increased from 6.55 million RSF to 6.78 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.02 million RSF to 17.4 million RSF
• Total Manhattan Office direct lease vacancy decreased from 27.3 million RSF to 27.26 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.88 million RSF to 3.24 million RSF.
• Manhattan Office Sublease vacancy increased from 3.91 million RSF to 4.27 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.49 million RSF to 3.83 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.27 million RSF to 0.29 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 5.79 million RSF to 6.03 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.76 million RSF to 0.75 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.85 million RSF to 0.92 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.32 million RSF to 0.4 million RSF.
• Midtown South Retail space vacancies decreased from 0.36 million RSF to 0.34 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.17 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.