market research

February 2014

February 2014 » Market Analysis » New York Market Data

February 2014 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 38.58 million RSF to 37.09 million RSF
  • Total Midtown Office vacancy decreased from 22.01 million RSF to 21.22 million RSF
  • Total Midtown South Office vacancy decreased from 5.89 million RSF to 5.78 million RSF
  • Total Downtown Office vacancy decreased from 10.68 million RSF to 10.09 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 34.73 million RSF to 33.43 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.21 million RSF to 18.61 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.85 million RSF to 3.65 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.8 million RSF to 2.6 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.53 million RSF to 5.48 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.36 million RSF to 0.3 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.99 million RSF to 9.34 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.69 million RSF to 0.75 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.88 million RSF to 0.8 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.36 million RSF to 0.26 million RSF
  • Midtown South Retail space vacancies increased from 0.35 million RSF to 0.38 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.07 million RSF to 0.06 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.055 million RSF to 0.042 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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