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April 2017

April 2017 » Market Analysis » New York Market Data
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April 2017 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 38.67 million RSF to 38.42 million RSF
  • Total Midtown Office vacancy increased from 23.39 million RSF to 23.57 million RSF.
  • Total Midtown South Office vacancy decreased from 6.53 million RSF to 6.43 million RSF
  • Total Downtown Office vacancy decreased from 8.75 million RSF to 8.42 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 34.7 million RSF to 34.26 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 20.84 million RSF to 20.84 million RSF
  • Manhattan Office Sublease vacancy increased from 3.98 million RSF to 4.16 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.55 million RSF to 2.73 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.75 million RSF to 5.68 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.79 million RSF to 0.75 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.11 million RSF to 7.74 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.64 million RSF to 0.69 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.14 million RSF to 1.06 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
  • Midtown South Retail space vacancies decreased from 0.51 million RSF to 0.45 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.17 million RSF to 0.16 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.04 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.02 million RSF to 0.025 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.02 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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