NYCBizSpace Sept Market Marketstats

Manhattan Commercial Real Estate Market Indicators October 2011

Manhattan Real Estate Market Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],©2010 CB Richard Ellis, Inc. CB Richard Ellis statistics contained herein may represent a different data set than that used to generate National Vacancy and Availability Index statistics published by CB Richard Ellis’ Corporate Communications Department or CB Richard Ellis’ research and econometric forecasting unit, CB Richard Ellis-Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CB Richard Ellis clients, and cannot be reproduced without prior written permission of CB Richard Ellis.

Midtown Market Snapshot ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],©2010 CB Richard Ellis, Inc. CB Richard Ellis statistics contained herein may represent a different data set than that used to generate National Vacancy and Availability Index statistics published by CB Richard Ellis’ Corporate Communications Department or CB Richard Ellis’ research and econometric forecasting unit, CB Richard Ellis-Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CB Richard Ellis clients, and cannot be reproduced without prior written permission of CB Richard Ellis . ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],2010 2011 2011 YTD YTD MAY JUNE JULY AUG SEPT Comments Leasing (MSF) 11.71 13.11 1.92 2.42 2.42 1.00 1.30 Increased velocity Absorption (MSF) 4.02 0.63 0.28 1.05 0.20 0.56 (0.84) Negative net absorption Availability Rate 13.0% 11.7% 12.1% 11.7% 11.6% 11.3% 11.7% Trending higher Sublet Availability Rate 3.3% 2.8% 2.9% 2.9% 2.9% 2.8% 2.8% Up slightly # of Large Blocks (>100K rsf) 39 31 34 31 31 31 31 Stable Average Asking Rent $55.27 $60.57 $59.84 $60.75 $60.81 $60.09 $60.57 Slight increase in average asking rents

Midtown South Market Snapshot ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],©2010 CB Richard Ellis, Inc. CB Richard Ellis statistics contained herein may represent a different data set than that used to generate National Vacancy and Availability Index statistics published by CB Richard Ellis’ Corporate Communications Department or CB Richard Ellis’ research and econometric forecasting unit, CB Richard Ellis-Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CB Richard Ellis clients, and cannot be reproduced without prior written permission of CB Richard Ellis. ,[object Object],[object Object],[object Object],1. 2010 2011 2011 YTD YTD MAY JUN JULY AUG SEPT Comments Leasing (MSF) 3.17 3.85 0.48 0.42 0.44 0.28 0.58 Increased velocity Absorption (MSF) 1.23 1.66 0.42 0.17 0.40 0.04 0.05 Slight positive absorption Availability Rate 13.1% 9.5% 10.5% 10.3% 9.7% 9.6% 9.5% Decrease in availability rate Sublet Availability Rate 2.4% 1.4% 1.5% 1.6% 1.4% 1.4% 1.4% Low yet stable sublet availability # of Large Blocks (>100K rsf) 14 9 11 10 9 9 9 Stable Average Asking Rent $42.93 $44.66 $43.87 $43.94 $43.99 $44.44 $44.66 Slight increase in average asking rents stable

Downtown Market Snapshot ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],©2010 CB Richard Ellis, Inc. CB Richard Ellis statistics contained herein may represent a different data set than that used to generate National Vacancy and Availability Index statistics published by CB Richard Ellis’ Corporate Communications Department or CB Richard Ellis’ research and econometric forecasting unit, CB Richard Ellis-Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CB Richard Ellis clients, and cannot be reproduced without prior written permission of CB Richard Ellis. ,[object Object],[object Object],[object Object],[object Object],2010 2011 2011 YTD YTD MAY JUNE JULY AUG SEPT Comments Leasing (MSF) 2.36 4.80 0.44 1.43 0.86 0.26 0.46 Increased velocity Absorption (MSF) (2.50) 2.13 0.20 1.23 0.24 0.09 (0.05) Negative absorption Availability Rate 14.3% 11.0% 12.8% 11.3% 11.0% 10.9% 11.0% Slight increase in availability Sublet Availability Rate 2.9% 1.6% 2.0% 1.8% 1.6% 1.6% 1.6% Stable sublet availability # of Large Blocks (>100K rsf) 15 10 10 9 10 10 10 Stable #big blocks Average Asking Rent $38.20 $38.97 $38.78 $39.11 $38.68 $39.36 $38.97 Slight decrease in average asking rents

“ Feet on the Street” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],©2010 CB Richard Ellis, Inc. CB Richard Ellis statistics contained herein may represent a different data set than that used to generate National Vacancy and Availability Index statistics published by CB Richard Ellis’ Corporate Communications Department or CB Richard Ellis’ research and econometric forecasting unit, CB Richard Ellis-Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CB Richard Ellis clients, and cannot be reproduced without prior written permission of CB Richard Ellis.

NYCBizSpace Sept Market Marketstats

Recommended

Recommended

More Related Content

Viewers also liked

Viewers also liked (20)

NYCBizSpace Sept Market Marketstats