August 2018 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 36.7 million RSF to 36.38 million RSF
• Total Midtown Office vacancy decreased from 21.24 million RSF to 20.89 million RSF
• Total Midtown South Office vacancy decreased from 6.02 million RSF to 5.92 million RSF
• Total Downtown Office vacancy increased from 9.45 million RSF to 9.58 million RSF.
• Total Manhattan Office direct lease vacancy decreased from 31.94 million RSF to 31.45 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.26 million RSF to 17.78 million RSF
• Manhattan Office Sublease vacancy increased from 4.76 million RSF to 4.93 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.98 million RSF to 3.11 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.33 million RSF to 5.13 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.69 million RSF to 0.78 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.35 million RSF to 8.54 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.1 million RSF to 1.03 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.4 million RSF to 1.43 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.47 million RSF to 0.49 million RSF.
• Midtown South Retail space vacancies increased from 0.56 million RSF to 0.58 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.36 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.02 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.01 million RSF.
• Midtown South Industrial space vacancies stayed at 0.01 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.