October 2012 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 32.44 million RSF to 33.3 million RSF.
• Total Midtown Office vacancy decreased from 21.12 million RSF to 21.09 million RSF
• Total Midtown South Office vacancy increased from 3.82 million RSF to 4.72 million RSF.
• Total Downtown Office vacancy decreased from 7.5 million RSF to 7.5 million RSF
• Total Manhattan Office direct lease vacancy increased from 27.93 million RSF to 28.88 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.71 million RSF to 17.69 million RSF
• Manhattan Office Sublease vacancy decreased from 4.51 million RSF to 4.42 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.41 million RSF to 3.4 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 3.53 million RSF to 4.42 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.29 million RSF to 0.3 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.68 million RSF to 6.77 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.81 million RSF to 0.73 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 0.85 million RSF to 0.83 million RSF
• Midtown Manhattan Retail vacancy decreased from 0.37 million RSF to 0.36 million RSF
• Midtown South Retail space vacancies decreased from 0.33 million RSF to 0.32 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.08 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
• Midtown South Industrial space vacancies stayed at 0.08 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.