June 2011 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 35.71 million RSF to 35.22 million RSF
• Total Midtown Office vacancy decreased from 21.04 million RSF to 20.61 million RSF
• Total Midtown South Office vacancy increased from 5.79 million RSF to 5.79 million RSF.
• Total Downtown Office vacancy decreased from 8.87 million RSF to 8.81 million RSF
• Total Manhattan Office direct lease vacancy decreased from 32.1 million RSF to 31.92 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.64 million RSF to 18.39 million RSF
• Manhattan Office Sublease vacancy decreased from 3.6 million RSF to 3.3 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.4 million RSF to 2.23 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.37 million RSF to 5.44 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.42 million RSF to 0.36 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.1 million RSF to 8.1 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.78 million RSF to 0.71 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.93 million RSF to 0.95 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.31 million RSF.
• Midtown South Retail space vacancies increased from 0.5 million RSF to 0.52 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.12 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.11 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.03 million RSF.
• Midtown South Industrial space vacancies stayed at 0.09 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.