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March 2017
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February 2017
March 2017 New York Real Estate Market Data
Page 4
April 2017
March 7, 2017
Manhattan Office Rent Vacancy
Total Manhattan Office Market vacancy decreased from 39.16 million RSF to 38.67 million RSF
Total Midtown Office vacancy increased from 23.01 million RSF to 23.39 million RSF.
Total Midtown South Office vacancy increased from 6.5 million RSF to 6.53 million RSF.
Total Downtown Office vacancy decreased from 9.65 million RSF to 8.75 million RSF
Total Manhattan Office direct lease vacancy decreased from 35.59 million RSF to 34.7 million RSF.
Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 20.64 million RSF to 20.84 million RSF.
Manhattan Office Sublease vacancy increased from 3.57 million RSF to 3.98 million RSF.
Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.36 million RSF to 2.55 million RSF.
Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.9 million RSF to 5.75 million RSF
Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.6 million RSF to 0.79 million RSF.
Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.04 million RSF to 8.11 million RSF
Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.6 million RSF to 0.64 million RSF.
Manhattan Retail Rent Vacancy
Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.14 million RSF.
Midtown Manhattan Retail vacancy increased from 0.41 million RSF to 0.45 million RSF.
Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.51 million RSF
In Downtown Manhattan, Retail vacancy decreased from 0.18 million RSF to 0.17 million RSF
Manhattan Industrial Rent Vacancy
Total Available Manhattan Industrial Space decreased from 0.09 million RSF to 0.04 million RSF
Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
Midtown South Industrial space vacancies decreased from 0.073 million RSF to 0.017 million RSF
In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
Page 4
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