May 2018 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 36.41 million RSF to 36.16 million RSF
• Total Midtown Office vacancy decreased from 22.19 million RSF to 22.08 million RSF
• Total Midtown South Office vacancy decreased from 6.52 million RSF to 6.13 million RSF
• Total Downtown Office vacancy increased from 7.71 million RSF to 7.94 million RSF.
• Total Manhattan Office direct lease vacancy increased from 31.4 million RSF to 31.41 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.89 million RSF to 19.02 million RSF.
• Manhattan Office Sublease vacancy decreased from 5.01 million RSF to 4.75 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.3 million RSF to 3.06 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.67 million RSF to 5.48 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.84 million RSF to 0.65 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.84 million RSF to 6.91 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.87 million RSF to 1.04 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.31 million RSF to 1.32 million RSF.
• Midtown Manhattan Retail vacancy decreased from 0.51 million RSF to 0.5 million RSF
• Midtown South Retail space vacancies increased from 0.52 million RSF to 0.56 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.27 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.02 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.01 million RSF.
• Midtown South Industrial space vacancies stayed at 0.0 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.