December 2015 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 33.42 million RSF to 33.8 million RSF.
• Total Midtown Office vacancy increased from 19.23 million RSF to 19.71 million RSF.
• Total Midtown South Office vacancy increased from 4.61 million RSF to 4.76 million RSF.
• Total Downtown Office vacancy decreased from 9.58 million RSF to 9.33 million RSF
• Total Manhattan Office direct lease vacancy increased from 30.41 million RSF to 30.7 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.05 million RSF to 17.45 million RSF.
• Manhattan Office Sublease vacancy increased from 3.01 million RSF to 3.11 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.18 million RSF to 2.26 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.21 million RSF to 4.32 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.4 million RSF to 0.45 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.14 million RSF to 8.92 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.43 million RSF to 0.41 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.97 million RSF to 0.99 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.33 million RSF to 0.35 million RSF.
• Midtown South Retail space vacancies stayed at 0.36 million RSF.
• In Downtown Manhattan, Retail vacancy stayed at 0.28 million RSF.

Manhattan Industrial Rent Vacancy

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