October 2015 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 32.8 million RSF to 33.52 million RSF.
• Total Midtown Office vacancy increased from 18.43 million RSF to 19.41 million RSF.
• Total Midtown South Office vacancy decreased from 4.83 million RSF to 4.76 million RSF
• Total Downtown Office vacancy decreased from 9.53 million RSF to 9.36 million RSF
• Total Manhattan Office direct lease vacancy increased from 29.94 million RSF to 30.4 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 16.43 million RSF to 17.11 million RSF.
• Manhattan Office Sublease vacancy increased from 2.86 million RSF to 3.12 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.0 million RSF to 2.3 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.44 million RSF to 4.35 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.39 million RSF to 0.41 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.07 million RSF to 8.95 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.46 million RSF to 0.41 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space stayed at 0.98 million RSF.
• Midtown Manhattan Retail vacancy decreased from 0.35 million RSF to 0.34 million RSF
• Midtown South Retail space vacancies increased from 0.36 million RSF to 0.37 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.27 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.04 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
• Midtown South Industrial space vacancies stayed at 0.04 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.