market research

April 2016

April 2016 » Market Analysis » New York Market Data

April 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 36.05 million RSF to 36.81 million RSF.
  • Total Midtown Office vacancy increased from 20.94 million RSF to 21.61 million RSF.
  • Total Midtown South Office vacancy increased from 5.37 million RSF to 5.59 million RSF.
  • Total Downtown Office vacancy decreased from 9.73 million RSF to 9.61 million RSF
  • Total Manhattan Office direct lease vacancy increased from 32.66 million RSF to 33.12 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.47 million RSF to 19.07 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.38 million RSF to 3.7 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.47 million RSF to 2.54 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.97 million RSF to 5.0 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.4 million RSF to 0.59 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.22 million RSF to 9.05 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.51 million RSF to 0.56 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.99 million RSF to 0.95 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.34 million RSF to 0.32 million RSF
  • Midtown South Retail space vacancies decreased from 0.41 million RSF to 0.38 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.23 million RSF to 0.25 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.06 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.04 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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