Lee NYC Manhattan Office Trend Tracker 3Q2014 | Page 2

MANHATTAN REAL ESTATE MARKET OVERVIEW

MIDTOWN STATISTICS 3Q14

MIDTOWN 10-YEAR AVERAGES

INVENTORY

203,431,715

VACANCY RATE

8.7%

VACANCY RATE

8.0%

AVAILABILITY RATE

11.7%

AVAILABILITY RATE

11.7%

DIRECT ASKING RENT

$80.92

DIRECT ASKING RENT

$63.30

MIDTOWN SOUTH STATISTICS 3Q14
INVENTORY

144,083,744

VACANCY RATE

6.3%

MIDTOWN SOUTH 10-YEAR AVERAGES

VACANCY RATE

7.3%

AVAILABILITY RATE

8.7%

AVAILABILITY RATE

10.4%

DIRECT ASKING RENT

$63.90

DIRECT ASKING RENT

$39.64

DOWNTOWN STATISTICS 3Q14
INVENTORY

DOWNTOWN 10-YEAR AVERAGES

87,789,424

VACANCY RATE

12.7%

VACANCY RATE

10.0%

AVAILABILITY RATE

11.0%

AVAILABILITY RATE

13.0%

DIRECT ASKING RENT

$52.26

DIRECT ASKING RENT

$39.80

MIDTOWN

MIDTOWN SOUTH

DOWNTOWN