November 2014 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 34.18 million RSF to 33.34 million RSF
• Total Midtown Office vacancy decreased from 20.03 million RSF to 19.96 million RSF
• Total Midtown South Office vacancy decreased from 5.54 million RSF to 5.39 million RSF
• Total Downtown Office vacancy decreased from 8.61 million RSF to 7.99 million RSF
• Total Manhattan Office direct lease vacancy decreased from 30.61 million RSF to 29.67 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.68 million RSF to 17.52 million RSF
• Manhattan Office Sublease vacancy increased from 3.57 million RSF to 3.67 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.35 million RSF to 2.44 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.02 million RSF to 4.86 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.52 million RSF to 0.53 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.91 million RSF to 7.3 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.7 million RSF to 0.69 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space stayed at 1.03 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.37 million RSF.
• Midtown South Retail space vacancies decreased from 0.41 million RSF to 0.4 million RSF
• In Downtown Manhattan, Retail vacancy increased from 0.25 million RSF to 0.26 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.05 million RSF.
• Midtown Manhattan Industrial vacancy decreased from 0.01 million RSF to 0.002 million RSF
• Midtown South Industrial space vacancies stayed at 0.04 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.