September 2015 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 32.76 million RSF to 32.8 million RSF.
• Total Midtown Office vacancy decreased from 18.45 million RSF to 18.43 million RSF
• Total Midtown South Office vacancy increased from 4.68 million RSF to 4.83 million RSF.
• Total Downtown Office vacancy decreased from 9.63 million RSF to 9.53 million RSF
• Total Manhattan Office direct lease vacancy increased from 29.8 million RSF to 29.94 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 16.35 million RSF to 16.43 million RSF.
• Manhattan Office Sublease vacancy decreased from 2.97 million RSF to 2.86 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.11 million RSF to 2.0 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.24 million RSF to 4.44 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.43 million RSF to 0.39 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.21 million RSF to 9.07 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.42 million RSF to 0.46 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space stayed at 0.98 million RSF.
• Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
• Midtown South Retail space vacancies stayed at 0.36 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.