February 2015 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 36.02 million RSF to 34.99 million RSF
• Total Midtown Office vacancy decreased from 20.69 million RSF to 19.78 million RSF
• Total Midtown South Office vacancy decreased from 5.7 million RSF to 4.82 million RSF
• Total Downtown Office vacancy increased from 9.63 million RSF to 10.4 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.18 million RSF to 17.36 million RSF
• Total Manhattan Office direct lease vacancy decreased from 32.3 million RSF to 31.43 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.5 million RSF to 2.42 million RSF
• Manhattan Office Sublease vacancy decreased from 3.72 million RSF to 3.57 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.22 million RSF to 4.39 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.49 million RSF to 0.42 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.9 million RSF to 9.67 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan stayed at 0.73 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.97 million RSF
• Midtown Manhattan Retail vacancy decreased from 0.38 million RSF to 0.37 million RSF
• Midtown South Retail space vacancies decreased from 0.37 million RSF to 0.33 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space increased from 0.04 million RSF to 0.05 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.