February 2007 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 24.07 million RSF to 23.6 million RSF
• Total Midtown Office vacancy decreased from 12.39 million RSF to 12.26 million RSF
• Total Midtown South Office vacancy increased from 4.35 million RSF to 4.48 million RSF.
• Total Downtown Office vacancy decreased from 7.33 million RSF to 6.86 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 9.94 million RSF to 9.84 million RSF
• Total Manhattan Office direct lease vacancy decreased from 20.18 million RSF to 19.93 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.45 million RSF to 2.42 million RSF
• Manhattan Office Sublease vacancy decreased from 3.9 million RSF to 3.67 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.88 million RSF to 3.98 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.47 million RSF to 0.5 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.36 million RSF to 6.11 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.97 million RSF to 0.75 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.63 million RSF to 0.64 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.17 million RSF.
• Midtown South Retail space vacancies increased from 0.32 million RSF to 0.34 million RSF.
• In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.13 million RSF

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space increased from 0.36 million RSF to 0.78 million RSF.
• Midtown Manhattan Industrial vacancy increased from 0.16 million RSF to 0.56 million RSF.
• Midtown South Industrial space vacancies increased from 0.155 million RSF to 0.18 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.04 million RSF.