January 2015 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 32.89 million RSF to 36.02 million RSF.
• Total Midtown Office vacancy increased from 18.81 million RSF to 20.69 million RSF.
• Total Midtown South Office vacancy increased from 5.16 million RSF to 5.7 million RSF.
• Total Downtown Office vacancy increased from 8.92 million RSF to 9.63 million RSF.
• Total Manhattan Office direct lease vacancy increased from 29.42 million RSF to 32.3 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 16.54 million RSF to 18.18 million RSF.
• Manhattan Office Sublease vacancy increased from 3.46 million RSF to 3.72 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.27 million RSF to 2.5 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.7 million RSF to 5.22 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.46 million RSF to 0.49 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.18 million RSF to 8.9 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.74 million RSF to 0.73 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.01 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.37 million RSF to 0.38 million RSF.
• Midtown South Retail space vacancies increased from 0.36 million RSF to 0.37 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 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.