May 2014 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 37.1 million RSF to 37.27 million RSF.
• Total Midtown Office vacancy decreased from 21.24 million RSF to 20.82 million RSF
• Total Midtown South Office vacancy increased from 5.58 million RSF to 6.08 million RSF.
• Total Downtown Office vacancy increased from 10.27 million RSF to 10.37 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.97 million RSF to 18.65 million RSF
• Total Manhattan Office direct lease vacancy increased from 33.62 million RSF to 33.92 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.27 million RSF to 2.17 million RSF
• Manhattan Office Sublease vacancy decreased from 3.47 million RSF to 3.36 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.15 million RSF to 5.7 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.43 million RSF to 0.39 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 9.5 million RSF to 9.57 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.77 million RSF to 0.79 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.79 million RSF to 0.9 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
• Midtown South Retail space vacancies increased from 0.38 million RSF to 0.47 million RSF.
• In Downtown Manhattan, Retail vacancy increased from 0.16 million RSF to 0.18 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.05 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.01 million RSF.
• Midtown South Industrial space vacancies stayed at 0.04 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.