May 2017 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 38.42 million RSF to 38.9 million RSF.
• Total Midtown Office vacancy increased from 23.57 million RSF to 24.17 million RSF.
• Total Midtown South Office vacancy increased from 6.43 million RSF to 6.45 million RSF.
• Total Downtown Office vacancy decreased from 8.42 million RSF to 8.29 million RSF
• Total Manhattan Office direct lease vacancy increased from 34.26 million RSF to 34.5 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 20.84 million RSF to 21.28 million RSF.
• Manhattan Office Sublease vacancy increased from 4.16 million RSF to 4.4 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.73 million RSF to 2.89 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.68 million RSF to 5.59 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.75 million RSF to 0.85 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.74 million RSF to 7.63 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.69 million RSF to 0.66 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.06 million RSF to 1.12 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
• Midtown South Retail space vacancies increased from 0.45 million RSF to 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 decreased from 0.016 million RSF to 0.009 million RSF
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.