February 2013 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 32.32 million RSF to 31.24 million RSF
• Total Midtown Office vacancy decreased from 20.73 million RSF to 20.1 million RSF
• Total Midtown South Office vacancy decreased from 4.5 million RSF to 4.39 million RSF
• Total Downtown Office vacancy decreased from 7.09 million RSF to 6.75 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.11 million RSF to 16.81 million RSF
• Total Manhattan Office direct lease vacancy decreased from 27.92 million RSF to 27.17 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.62 million RSF to 3.29 million RSF
• Manhattan Office Sublease vacancy decreased from 4.4 million RSF to 4.07 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.38 million RSF to 4.25 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.12 million RSF to 0.14 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.43 million RSF to 6.1 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.66 million RSF to 0.65 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 0.8 million RSF to 0.78 million RSF
• Midtown Manhattan Retail vacancy decreased from 0.4 million RSF to 0.39 million RSF
• Midtown South Retail space vacancies decreased from 0.26 million RSF to 0.24 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.13 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.04 million RSF.
• Midtown South Industrial space vacancies stayed at 0.09 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.