market research

February 2016

February 2016 » Market Analysis » New York Market Data

February 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 34.78 million RSF to 35.66 million RSF.
  • Total Midtown Office vacancy increased from 19.81 million RSF to 20.56 million RSF.
  • Total Midtown South Office vacancy increased from 5.0 million RSF to 5.32 million RSF.
  • Total Downtown Office vacancy decreased from 9.98 million RSF to 9.77 million RSF
  • Total Manhattan Office direct lease vacancy increased from 31.55 million RSF to 32.42 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.4 million RSF to 18.2 million RSF.
  • Manhattan Office Sublease vacancy stayed at 3.24 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.4 million RSF to 2.37 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.59 million RSF to 4.9 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.41 million RSF to 0.42 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.56 million RSF to 9.32 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.42 million RSF to 0.45 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.03 million RSF to 1.0 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.35 million RSF to 0.36 million RSF.
  • Midtown South Retail space vacancies stayed at 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.23 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.06 million RSF to 0.16 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.037 million RSF to 0.137 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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