June 2016 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 35.39 million RSF to 37.11 million RSF.
• Total Midtown Office vacancy increased from 20.41 million RSF to 22.2 million RSF.
• Total Midtown South Office vacancy increased from 5.46 million RSF to 5.54 million RSF.
• Total Downtown Office vacancy decreased from 9.52 million RSF to 9.37 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.1 million RSF to 19.84 million RSF.
• Total Manhattan Office direct lease vacancy increased from 31.98 million RSF to 33.6 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.31 million RSF to 2.36 million RSF.
• Manhattan Office Sublease vacancy increased from 3.41 million RSF to 3.51 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.88 million RSF to 4.94 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.58 million RSF to 0.6 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.0 million RSF to 8.82 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.52 million RSF to 0.55 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.07 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.35 million RSF to 0.41 million RSF.
• Midtown South Retail space vacancies stayed at 0.36 million RSF.
• In Downtown Manhattan, Retail vacancy increased from 0.25 million RSF to 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.