market research

February 2017

February 2017 » Market Analysis » New York Market Data

February 2017 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 39.0 million RSF to 39.16 million RSF.
  • Total Midtown Office vacancy decreased from 23.04 million RSF to 23.01 million RSF
  • Total Midtown South Office vacancy increased from 6.34 million RSF to 6.5 million RSF.
  • Total Downtown Office vacancy increased from 9.62 million RSF to 9.65 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 35.51 million RSF to 35.59 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 20.62 million RSF to 20.64 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.49 million RSF to 3.57 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.42 million RSF to 2.36 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.8 million RSF to 5.9 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.54 million RSF to 0.6 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.09 million RSF to 9.04 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.53 million RSF to 0.6 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.1 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.42 million RSF to 0.41 million RSF
  • Midtown South Retail space vacancies increased from 0.48 million RSF to 0.52 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.18 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.09 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 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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