July 2009 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 31.92 million RSF to 32.71 million RSF.
• Total Midtown Office vacancy increased from 19.54 million RSF to 19.96 million RSF.
• Total Midtown South Office vacancy increased from 6.28 million RSF to 6.41 million RSF.
• Total Downtown Office vacancy increased from 6.09 million RSF to 6.33 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 15.49 million RSF to 15.87 million RSF.
• Total Manhattan Office direct lease vacancy increased from 25.46 million RSF to 25.88 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 4.06 million RSF to 4.1 million RSF.
• Manhattan Office Sublease vacancy increased from 6.46 million RSF to 6.83 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.51 million RSF to 5.55 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.78 million RSF to 0.85 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.46 million RSF to 4.46 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.63 million RSF to 1.88 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 1.05 million RSF to 1.04 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.28 million RSF.
• Midtown South Retail space vacancies stayed at 0.63 million RSF.
• In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.09 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
• Midtown South Industrial space vacancies decreased from 0.075 million RSF to 0.071 million RSF
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.