December 2018 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 36.32 million RSF to 36.24 million RSF
• Total Midtown Office vacancy increased from 20.65 million RSF to 20.94 million RSF.
• Total Midtown South Office vacancy decreased from 5.9 million RSF to 5.89 million RSF
• Total Downtown Office vacancy decreased from 9.77 million RSF to 9.41 million RSF
• Total Manhattan Office direct lease vacancy increased from 31.18 million RSF to 31.29 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.59 million RSF to 17.93 million RSF.
• Manhattan Office Sublease vacancy decreased from 5.14 million RSF to 4.95 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.06 million RSF to 3.01 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.83 million RSF to 4.9 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 1.07 million RSF to 0.99 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.76 million RSF to 8.46 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.01 million RSF to 0.95 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space stayed at 1.53 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.53 million RSF.
• Midtown South Retail space vacancies increased from 0.65 million RSF to 0.67 million RSF.
• In Downtown Manhattan, Retail vacancy decreased from 0.35 million RSF to 0.33 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.