October 2016 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 38.02 million RSF to 38.66 million RSF.
• Total Midtown Office vacancy increased from 22.9 million RSF to 23.18 million RSF.
• Total Midtown South Office vacancy increased from 5.84 million RSF to 6.1 million RSF.
• Total Downtown Office vacancy increased from 9.28 million RSF to 9.38 million RSF.
• Total Manhattan Office direct lease vacancy increased from 34.65 million RSF to 34.99 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 20.69 million RSF to 20.8 million RSF.
• Manhattan Office Sublease vacancy increased from 3.37 million RSF to 3.67 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.21 million RSF to 2.37 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.23 million RSF to 5.45 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.61 million RSF to 0.65 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.73 million RSF to 8.74 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.54 million RSF to 0.65 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 0.96 million RSF to 0.94 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.4 million RSF.
• Midtown South Retail space vacancies decreased from 0.4 million RSF to 0.38 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.09 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
• Midtown South Industrial space vacancies stayed at 0.07 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.