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August 2016

August 2016 » Market Analysis » New York Market Data
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August 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 37.11 million RSF to 36.6 million RSF
  • Total Midtown Office vacancy decreased from 22.09 million RSF to 21.95 million RSF
  • Total Midtown South Office vacancy increased from 5.53 million RSF to 5.58 million RSF.
  • Total Downtown Office vacancy decreased from 9.49 million RSF to 9.06 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 33.87 million RSF to 33.22 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.89 million RSF to 19.72 million RSF
  • Manhattan Office Sublease vacancy increased from 3.24 million RSF to 3.38 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.2 million RSF to 2.24 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.98 million RSF to 4.92 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.55 million RSF to 0.67 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.99 million RSF to 8.59 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.5 million RSF to 0.47 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.13 million RSF to 1.08 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.46 million RSF to 0.43 million RSF
  • Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.35 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.29 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.06 million RSF to 0.08 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.037 million RSF to 0.058 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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