market research

December 2017

December 2017 » Market Analysis » New York Market Data

December 2017 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 38.36 million RSF to 37.06 million RSF
  • Total Midtown Office vacancy decreased from 23.62 million RSF to 22.28 million RSF
  • Total Midtown South Office vacancy increased from 6.79 million RSF to 6.86 million RSF.
  • Total Downtown Office vacancy decreased from 7.95 million RSF to 7.93 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 33.1 million RSF to 31.58 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.99 million RSF to 18.76 million RSF
  • Manhattan Office Sublease vacancy increased from 5.25 million RSF to 5.48 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.63 million RSF to 3.52 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.82 million RSF to 5.77 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.97 million RSF to 1.09 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.29 million RSF to 7.06 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.66 million RSF to 0.87 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.32 million RSF to 1.28 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
  • Midtown South Retail space vacancies decreased from 0.57 million RSF to 0.55 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.23 million RSF to 0.21 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.0 million RSF to 0.01 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.003 million RSF to 0.005 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.0 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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