March 2015 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 34.99 million RSF to 33.84 million RSF
• Total Midtown Office vacancy decreased from 19.78 million RSF to 19.38 million RSF
• Total Midtown South Office vacancy decreased from 4.82 million RSF to 4.77 million RSF
• Total Downtown Office vacancy decreased from 10.4 million RSF to 9.7 million RSF
• Total Manhattan Office direct lease vacancy decreased from 31.43 million RSF to 30.69 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.36 million RSF to 17.19 million RSF
• Manhattan Office Sublease vacancy decreased from 3.57 million RSF to 3.15 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.42 million RSF to 2.19 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.39 million RSF to 4.41 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.42 million RSF to 0.36 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.67 million RSF to 9.1 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.73 million RSF to 0.6 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.01 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.37 million RSF to 0.38 million RSF.
• Midtown South Retail space vacancies increased from 0.33 million RSF to 0.37 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.05 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
• Midtown South Industrial space vacancies stayed at 0.04 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.