By Robert Sammons 2/21/12 12:00pm

Stat of the Week

Manhattan Overall Direct Availability.

38,791,855

Last week, the statistic was all about sublet availability and its recent improvement. This week we turn to direct availability, or the space marketed directly by the landlord of building. Read More

By Robert Sammons 2/14/12 1:00pm

Stat of the Week

Manhattan Sublease Availability.

8,880,280

Manhattan overall sublet availability took a nosedive in January to 8,880,280 square feet from 9,795,469 square feet in December. It has now fallen to its lowest figure since the 8,623,604 square feet recorded in August 2008—in other words, since just one month prior to the Lehman Brothers collapse of September 2008. At that time, financial services firms (and other industries) had already begun to dump large blocks of sublet space on the market. Read More

By Robert Sammons 1/17/12 3:06pm

Stat of the Week

Total Leasing versus Net Absorption.

35 Million vs. 4.4 Million

As the members of REBNY gather together this week, many will congratulate themselves on a fine year for leasing activity, despite the difficult global economy and the Beltway disaster otherwise known as the U.S. Congress.

All things considered, it was a decent year “leasing-wise” with activity from a wide variety of industries—even financial services, which seemed to always be teetering on the edge due to new regulations (still awaited) and mass layoffs (just beginning). Read More

By Robert Sammons 11/08/11 9:48am

Best Submarket - Midtown South - November 2011

Stat of the Week: 9.4 Percent

The midtown south overall (all classes) vacancy rate fell in this past October to 9.4 percent, its lowest since the 9.3 percent in December 2007, coincidentally the month when the last recession officially began. During the downturn, it climbed as high as 14.4 percent (in both November and December 2009). Read More