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April 2013

April 2013 » Market Analysis » New York Market Data

April 2013 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 32.71 million RSF to 33.48 million RSF.
  • Total Midtown Office vacancy increased from 21.09 million RSF to 21.09 million RSF.
  • Total Midtown South Office vacancy increased from 4.62 million RSF to 4.95 million RSF.
  • Total Downtown Office vacancy increased from 7.0 million RSF to 7.45 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 27.94 million RSF to 28.96 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.43 million RSF to 17.72 million RSF.
  • Manhattan Office Sublease vacancy decreased from 4.77 million RSF to 4.52 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.65 million RSF to 3.37 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.29 million RSF to 4.6 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.33 million RSF to 0.35 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.22 million RSF to 6.64 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.78 million RSF to 0.81 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.8 million RSF to 0.81 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.41 million RSF to 0.37 million RSF
  • Midtown South Retail space vacancies increased from 0.24 million RSF to 0.29 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.12 million RSF to 0.18 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.027 million RSF to 0.075 million RSF.
  • Midtown South Industrial space vacancies increased from 0.087 million RSF to 0.1 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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