January 2007 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 23.69 million RSF to 24.07 million RSF.
• Total Midtown Office vacancy increased from 11.8 million RSF to 12.39 million RSF.
• Total Midtown South Office vacancy increased from 4.3 million RSF to 4.35 million RSF.
• Total Downtown Office vacancy decreased from 7.59 million RSF to 7.33 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 9.59 million RSF to 9.94 million RSF.
• Total Manhattan Office direct lease vacancy increased from 19.97 million RSF to 20.18 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.21 million RSF to 2.45 million RSF.
• Manhattan Office Sublease vacancy increased from 3.72 million RSF to 3.9 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.8 million RSF to 3.88 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.51 million RSF to 0.47 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.59 million RSF to 6.36 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.0 million RSF to 0.97 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 0.77 million RSF to 0.63 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.17 million RSF.
• Midtown South Retail space vacancies decreased from 0.46 million RSF to 0.32 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space increased from 0.34 million RSF to 0.36 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.16 million RSF.
• Midtown South Industrial space vacancies increased from 0.135 million RSF to 0.155 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.04 million RSF.