April 2019 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 37.06 million RSF to 35.72 million RSF
• Total Midtown Office vacancy decreased from 21.96 million RSF to 20.97 million RSF
• Total Midtown South Office vacancy increased from 5.65 million RSF to 5.8 million RSF.
• Total Downtown Office vacancy decreased from 9.45 million RSF to 8.95 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.56 million RSF to 17.26 million RSF
• Total Manhattan Office direct lease vacancy decreased from 31.81 million RSF to 30.02 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.4 million RSF to 3.71 million RSF.
• Manhattan Office Sublease vacancy increased from 5.25 million RSF to 5.7 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.8 million RSF to 4.89 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.84 million RSF to 0.91 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.45 million RSF to 7.87 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.01 million RSF to 1.08 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.48 million RSF to 1.52 million RSF.
• Midtown Manhattan Retail vacancy decreased from 0.48 million RSF to 0.45 million RSF
• Midtown South Retail space vacancies increased from 0.7 million RSF to 0.77 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.3 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.08 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.08 million RSF.
• Midtown South Industrial space vacancies stayed at 0.01 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.