July 2016 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 37.11 million RSF to 37.11 million RSF
• Total Midtown Office vacancy decreased from 22.2 million RSF to 22.09 million RSF
• Total Midtown South Office vacancy decreased from 5.54 million RSF to 5.53 million RSF
• Total Downtown Office vacancy increased from 9.37 million RSF to 9.49 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 19.84 million RSF to 19.89 million RSF.
• Total Manhattan Office direct lease vacancy increased from 33.6 million RSF to 33.87 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.36 million RSF to 2.2 million RSF
• Manhattan Office Sublease vacancy decreased from 3.51 million RSF to 3.24 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.94 million RSF to 4.98 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.6 million RSF to 0.55 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.82 million RSF to 8.99 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.55 million RSF to 0.5 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.07 million RSF to 1.13 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.41 million RSF to 0.46 million RSF.
• Midtown South Retail space vacancies increased from 0.36 million RSF to 0.38 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.29 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.06 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
• Midtown South Industrial space vacancies stayed at 0.04 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.