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December 2016

December 2016 » Market Analysis » New York Market Data

December 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 39.02 million RSF to 38.99 million RSF
  • Total Midtown Office vacancy decreased from 23.4 million RSF to 23.2 million RSF
  • Total Midtown South Office vacancy decreased from 6.2 million RSF to 6.15 million RSF
  • Total Downtown Office vacancy increased from 9.42 million RSF to 9.65 million RSF.
  • Total Manhattan Office direct lease vacancy decreased from 35.35 million RSF to 35.31 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 21.01 million RSF to 20.76 million RSF
  • Manhattan Office Sublease vacancy increased from 3.67 million RSF to 3.68 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.39 million RSF to 2.43 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.59 million RSF to 5.56 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.61 million RSF to 0.59 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.75 million RSF to 8.99 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.67 million RSF to 0.66 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.02 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.43 million RSF to 0.44 million RSF.
  • Midtown South Retail space vacancies increased from 0.39 million RSF to 0.43 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.17 million RSF to 0.15 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.11 million RSF to 0.09 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.04 million RSF to 0.02 million RSF
  • Midtown South Industrial space vacancies stayed at 0.07 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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