February 2012 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 31.01 million RSF to 31.16 million RSF.
• Total Midtown Office vacancy increased from 19.33 million RSF to 19.62 million RSF.
• Total Midtown South Office vacancy decreased from 4.19 million RSF to 4.17 million RSF
• Total Downtown Office vacancy decreased from 7.49 million RSF to 7.36 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 16.95 million RSF to 17.23 million RSF.
• Total Manhattan Office direct lease vacancy increased from 27.89 million RSF to 28.1 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.38 million RSF to 2.39 million RSF.
• Manhattan Office Sublease vacancy decreased from 3.12 million RSF to 3.06 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.91 million RSF to 3.96 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.27 million RSF to 0.22 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.02 million RSF to 6.91 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.46 million RSF to 0.45 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 0.9 million RSF to 0.86 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
• Midtown South Retail space vacancies decreased from 0.42 million RSF to 0.39 million RSF
• In Downtown Manhattan, Retail vacancy decreased from 0.19 million RSF to 0.18 million RSF

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.07 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
• Midtown South Industrial space vacancies stayed at 0.07 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.