November 2013 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 37.63 million RSF to 37.19 million RSF
• Total Midtown Office vacancy decreased from 22.12 million RSF to 21.68 million RSF
• Total Midtown South Office vacancy increased from 6.09 million RSF to 6.19 million RSF.
• Total Downtown Office vacancy decreased from 9.42 million RSF to 9.31 million RSF
• Total Manhattan Office direct lease vacancy decreased from 33.52 million RSF to 32.86 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.09 million RSF to 18.45 million RSF
• Manhattan Office Sublease vacancy increased from 4.12 million RSF to 4.33 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.04 million RSF to 3.23 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.78 million RSF to 5.88 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.3 million RSF to 0.31 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.64 million RSF to 8.53 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.78 million RSF to 0.79 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 0.92 million RSF to 0.84 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
• Midtown South Retail space vacancies increased from 0.3 million RSF to 0.32 million RSF.
• In Downtown Manhattan, Retail vacancy decreased from 0.26 million RSF to 0.16 million RSF

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.08 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.03 million RSF.
• Midtown South Industrial space vacancies stayed at 0.05 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.