October 2018 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 36.46 million RSF to 37.14 million RSF.
• Total Midtown Office vacancy increased from 20.8 million RSF to 20.89 million RSF.
• Total Midtown South Office vacancy increased from 5.82 million RSF to 6.07 million RSF.
• Total Downtown Office vacancy increased from 9.83 million RSF to 10.18 million RSF.
• Total Manhattan Office direct lease vacancy increased from 31.47 million RSF to 32.07 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.8 million RSF to 17.67 million RSF
• Manhattan Office Sublease vacancy increased from 4.99 million RSF to 5.07 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.01 million RSF to 3.22 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.98 million RSF to 5.28 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.84 million RSF to 0.79 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.68 million RSF to 9.12 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.15 million RSF to 1.06 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.44 million RSF to 1.5 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.48 million RSF to 0.51 million RSF.
• Midtown South Retail space vacancies increased from 0.59 million RSF to 0.63 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.36 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.02 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.01 million RSF.
• Midtown South Industrial space vacancies stayed at 0.01 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.