market research

December 2013

December 2013 » Market Analysis » New York Market Data

December 2013 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 37.19 million RSF to 38.35 million RSF.
  • Total Midtown Office vacancy increased from 21.68 million RSF to 21.92 million RSF.
  • Total Midtown South Office vacancy decreased from 6.19 million RSF to 6.17 million RSF
  • Total Downtown Office vacancy increased from 9.31 million RSF to 10.26 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 32.86 million RSF to 34.51 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.45 million RSF to 19.14 million RSF.
  • Manhattan Office Sublease vacancy decreased from 4.33 million RSF to 3.85 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.23 million RSF to 2.78 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.88 million RSF to 5.79 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.31 million RSF to 0.38 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.53 million RSF to 9.58 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.79 million RSF to 0.68 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.84 million RSF to 0.87 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
  • Midtown South Retail space vacancies increased from 0.32 million RSF to 0.35 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.08 million RSF to 0.07 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.026 million RSF to 0.016 million RSF
  • Midtown South Industrial space vacancies increased from 0.054 million RSF to 0.055 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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