June 2017 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 38.9 million RSF to 38.49 million RSF
• Total Midtown Office vacancy decreased from 24.17 million RSF to 23.99 million RSF
• Total Midtown South Office vacancy decreased from 6.45 million RSF to 6.28 million RSF
• Total Downtown Office vacancy decreased from 8.29 million RSF to 8.22 million RSF
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 21.28 million RSF to 21.03 million RSF
• Total Manhattan Office direct lease vacancy decreased from 34.5 million RSF to 34.05 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.89 million RSF to 2.95 million RSF.
• Manhattan Office Sublease vacancy increased from 4.4 million RSF to 4.44 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.59 million RSF to 5.4 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.85 million RSF to 0.88 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.63 million RSF to 7.61 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.66 million RSF to 0.61 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.12 million RSF to 1.13 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
• Midtown South Retail space vacancies stayed at 0.52 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.04 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.03 million RSF.
• Midtown South Industrial space vacancies stayed at 0.01 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.