January 2017 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 38.99 million RSF to 39.0 million RSF.
• Total Midtown Office vacancy decreased from 23.2 million RSF to 23.04 million RSF
• Total Midtown South Office vacancy increased from 6.15 million RSF to 6.34 million RSF.
• Total Downtown Office vacancy decreased from 9.65 million RSF to 9.62 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 20.76 million RSF to 20.62 million RSF
• Total Manhattan Office direct lease vacancy increased from 35.31 million RSF to 35.51 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.43 million RSF to 2.42 million RSF
• Manhattan Office Sublease vacancy decreased from 3.68 million RSF to 3.49 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.56 million RSF to 5.8 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.59 million RSF to 0.54 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.99 million RSF to 9.09 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.66 million RSF to 0.53 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.02 million RSF to 1.05 million RSF.
• Midtown Manhattan Retail vacancy decreased from 0.44 million RSF to 0.42 million RSF
• Midtown South Retail space vacancies increased from 0.43 million RSF to 0.48 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.09 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
• Midtown South Industrial space vacancies stayed at 0.07 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.