April 2018 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 36.66 million RSF to 36.41 million RSF
• Total Midtown Office vacancy decreased from 22.36 million RSF to 22.19 million RSF
• Total Midtown South Office vacancy decreased from 6.52 million RSF to 6.52 million RSF
• Total Downtown Office vacancy decreased from 7.78 million RSF to 7.71 million RSF
• Total Manhattan Office direct lease vacancy increased from 31.38 million RSF to 31.4 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.96 million RSF to 18.89 million RSF
• Manhattan Office Sublease vacancy decreased from 5.28 million RSF to 5.01 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.4 million RSF to 3.3 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.61 million RSF to 5.67 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.91 million RSF to 0.84 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.81 million RSF to 6.84 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.97 million RSF to 0.87 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 1.4 million RSF to 1.31 million RSF
• Midtown Manhattan Retail vacancy decreased from 0.57 million RSF to 0.51 million RSF
• Midtown South Retail space vacancies decreased from 0.56 million RSF to 0.52 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.27 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 0.0 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.