September 2013 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 33.41 million RSF to 32.61 million RSF
• Total Midtown Office vacancy decreased from 20.57 million RSF to 20.29 million RSF
• Total Midtown South Office vacancy increased from 5.61 million RSF to 6.09 million RSF.
• Total Downtown Office vacancy decreased from 7.22 million RSF to 6.23 million RSF
• Total Manhattan Office direct lease vacancy increased from 29.03 million RSF to 29.29 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.24 million RSF to 17.36 million RSF.
• Manhattan Office Sublease vacancy decreased from 4.37 million RSF to 3.32 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.33 million RSF to 2.93 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.34 million RSF to 5.78 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.27 million RSF to 0.31 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.45 million RSF to 6.15 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.77 million RSF to 0.08 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.81 million RSF
• Midtown Manhattan Retail vacancy decreased from 0.43 million RSF to 0.34 million RSF
• Midtown South Retail space vacancies stayed at 0.3 million RSF.
• In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.17 million RSF

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.1 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.04 million RSF.
• Midtown South Industrial space vacancies stayed at 0.05 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.