March 2011 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 35.82 million RSF to 35.93 million RSF.
• Total Midtown Office vacancy increased from 20.81 million RSF to 20.94 million RSF.
• Total Midtown South Office vacancy decreased from 6.28 million RSF to 6.2 million RSF
• Total Downtown Office vacancy increased from 8.73 million RSF to 8.79 million RSF.
• Total Manhattan Office direct lease vacancy increased from 32.37 million RSF to 32.43 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.87 million RSF to 18.89 million RSF.
• Manhattan Office Sublease vacancy increased from 3.45 million RSF to 3.5 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.94 million RSF to 2.05 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.74 million RSF to 5.69 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.54 million RSF to 0.52 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 7.76 million RSF to 7.86 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.97 million RSF to 0.94 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 0.83 million RSF to 0.81 million RSF
• Midtown Manhattan Retail vacancy decreased from 0.23 million RSF to 0.22 million RSF
• Midtown South Retail space vacancies decreased from 0.5 million RSF to 0.49 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.1 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.16 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.05 million RSF.
• Midtown South Industrial space vacancies stayed at 0.11 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.