September 2018 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 36.38 million RSF to 36.46 million RSF.
• Total Midtown Office vacancy decreased from 20.89 million RSF to 20.8 million RSF
• Total Midtown South Office vacancy decreased from 5.92 million RSF to 5.82 million RSF
• Total Downtown Office vacancy increased from 9.58 million RSF to 9.83 million RSF.
• Total Manhattan Office direct lease vacancy increased from 31.45 million RSF to 31.47 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.78 million RSF to 17.8 million RSF.
• Manhattan Office Sublease vacancy increased from 4.93 million RSF to 4.99 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.11 million RSF to 3.01 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.13 million RSF to 4.98 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.78 million RSF to 0.84 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.54 million RSF to 8.68 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.03 million RSF to 1.15 million RSF.

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 1.43 million RSF to 1.44 million RSF.
• Midtown Manhattan Retail vacancy decreased from 0.49 million RSF to 0.48 million RSF
• Midtown South Retail space vacancies increased from 0.58 million RSF to 0.59 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.