May 2011 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 35.77 million RSF to 35.71 million RSF
• Total Midtown Office vacancy increased from 20.6 million RSF to 21.04 million RSF.
• Total Midtown South Office vacancy decreased from 5.95 million RSF to 5.79 million RSF
• Total Downtown Office vacancy decreased from 9.22 million RSF to 8.87 million RSF
• Total Manhattan Office direct lease vacancy decreased from 32.33 million RSF to 32.1 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.46 million RSF to 18.64 million RSF.
• Manhattan Office Sublease vacancy increased from 3.45 million RSF to 3.6 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.14 million RSF to 2.4 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.48 million RSF to 5.37 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.47 million RSF to 0.42 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.39 million RSF to 8.1 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.84 million RSF to 0.78 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.84 million RSF to 0.93 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.31 million RSF.
• Midtown South Retail space vacancies increased from 0.49 million RSF to 0.5 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.