December 2014 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 33.34 million RSF to 32.89 million RSF
• Total Midtown Office vacancy decreased from 19.96 million RSF to 18.81 million RSF
• Total Midtown South Office vacancy decreased from 5.39 million RSF to 5.16 million RSF
• Total Downtown Office vacancy increased from 7.99 million RSF to 8.92 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.52 million RSF to 16.54 million RSF
• Total Manhattan Office direct lease vacancy decreased from 29.67 million RSF to 29.42 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.44 million RSF to 2.27 million RSF
• Manhattan Office Sublease vacancy decreased from 3.67 million RSF to 3.46 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.86 million RSF to 4.7 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.53 million RSF to 0.46 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 7.3 million RSF to 8.18 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.69 million RSF to 0.74 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 1.03 million RSF to 0.99 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.37 million RSF.
• Midtown South Retail space vacancies decreased from 0.4 million RSF to 0.36 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space decreased from 0.05 million RSF to 0.04 million RSF
• Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
• Midtown South Industrial space vacancies stayed at 0.04 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.