July 2019 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 32.99 million RSF to 32.98 million RSF
• Total Midtown Office vacancy decreased from 19.96 million RSF to 19.7 million RSF
• Total Midtown South Office vacancy increased from 4.58 million RSF to 5.05 million RSF.
• Total Downtown Office vacancy decreased from 8.45 million RSF to 8.23 million RSF
• Total Manhattan Office direct lease vacancy decreased from 28.68 million RSF to 28.23 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 16.73 million RSF to 16.56 million RSF
• Manhattan Office Sublease vacancy increased from 4.31 million RSF to 4.76 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.23 million RSF to 3.15 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.5 million RSF to 4.29 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.08 million RSF to 0.76 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.45 million RSF to 7.38 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.0 million RSF to 0.85 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 1.46 million RSF to 1.43 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.48 million RSF.
• Midtown South Retail space vacancies decreased from 0.71 million RSF to 0.69 million RSF
• In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.26 million RSF

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.15 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.15 million RSF.
• Midtown South Industrial space vacancies stayed at 0.0 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.