November 2017 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 37.49 million RSF to 38.36 million RSF.
• Total Midtown Office vacancy increased from 23.14 million RSF to 23.62 million RSF.
• Total Midtown South Office vacancy increased from 6.76 million RSF to 6.79 million RSF.
• Total Downtown Office vacancy increased from 7.59 million RSF to 7.95 million RSF.
• Total Manhattan Office direct lease vacancy increased from 32.56 million RSF to 33.1 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 19.86 million RSF to 19.99 million RSF.
• Manhattan Office Sublease vacancy increased from 4.93 million RSF to 5.25 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.28 million RSF to 3.63 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.74 million RSF to 5.82 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 1.02 million RSF to 0.97 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.97 million RSF to 7.29 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.62 million RSF to 0.66 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.2 million RSF to 1.32 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
• Midtown South Retail space vacancies increased from 0.55 million RSF to 0.57 million RSF.
• In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.23 million RSF.

Manhattan Industrial Rent Vacancy

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