September 2017 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 36.8 million RSF to 37.86 million RSF.
• Total Midtown Office vacancy increased from 22.6 million RSF to 23.33 million RSF.
• Total Midtown South Office vacancy increased from 6.24 million RSF to 6.47 million RSF.
• Total Downtown Office vacancy increased from 7.96 million RSF to 8.06 million RSF.
• Total Manhattan Office direct lease vacancy increased from 32.02 million RSF to 32.89 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 19.26 million RSF to 20.01 million RSF.
• Manhattan Office Sublease vacancy increased from 4.79 million RSF to 4.97 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.34 million RSF to 3.32 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.41 million RSF to 5.43 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.83 million RSF to 1.04 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 7.35 million RSF to 7.45 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.62 million RSF to 0.62 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.14 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.48 million RSF to 0.49 million RSF.
• Midtown South Retail space vacancies increased from 0.48 million RSF to 0.52 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.13 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.01 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.