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September 2008 » Market Analysis » New York Market Data
Market Analysis
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- May 2008 New York Retail Leases
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Manhattan Office Rent Vacancy
- Total Manhattan Office Market vacancy increased from 22.52 million RSF to 23.23 million RSF.
- Total Midtown Office vacancy increased from 12.37 million RSF to 13.04 million RSF.
- Total Midtown South Office vacancy increased from 4.36 million RSF to 4.53 million RSF.
- Total Downtown Office vacancy decreased from 5.79 million RSF to 5.67 million RSF
- Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 10.38 million RSF to 10.83 million RSF.
- Total Manhattan Office direct lease vacancy increased from 18.65 million RSF to 19.06 million RSF.
- Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 1.99 million RSF to 2.21 million RSF.
- Manhattan Office Sublease vacancy increased from 3.86 million RSF to 4.17 million RSF.
- Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.03 million RSF to 4.15 million RSF.
- Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.33 million RSF to 0.38 million RSF.
- Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 4.24 million RSF to 4.08 million RSF
- Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.54 million RSF to 1.58 million RSF.
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.1 million RSF to 1.07 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
- Midtown South Retail space vacancies decreased from 0.76 million RSF to 0.72 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.09 million RSF to 0.1 million RSF.
Manhattan Industrial Rent Vacancy
- Total Available Manhattan Industrial Space decreased from 0.56 million RSF to 0.55 million RSF
- Midtown Manhattan Industrial vacancy stayed at 0.18 million RSF.
- Midtown South Industrial space vacancies decreased from 0.375 million RSF to 0.37 million RSF
- In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
