January 2014 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 38.35 million RSF to 38.58 million RSF.
• Total Midtown Office vacancy increased from 21.92 million RSF to 22.01 million RSF.
• Total Midtown South Office vacancy decreased from 6.17 million RSF to 5.89 million RSF
• Total Downtown Office vacancy increased from 10.26 million RSF to 10.68 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 19.14 million RSF to 19.21 million RSF.
• Total Manhattan Office direct lease vacancy increased from 34.51 million RSF to 34.73 million RSF.
• Manhattan Office Sublease vacancy increased from 3.85 million RSF to 3.85 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.78 million RSF to 2.8 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.79 million RSF to 5.53 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.38 million RSF to 0.36 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 9.58 million RSF to 9.99 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.68 million RSF to 0.69 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.87 million RSF to 0.88 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.35 million RSF to 0.36 million RSF.
• Midtown South Retail space vacancies stayed at 0.35 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.07 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
• Midtown South Industrial space vacancies stayed at 0.06 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.