market research

February 2018

February 2018 » Market Analysis » New York Market Data

February 2018 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 37.59 million RSF to 36.44 million RSF
  • Total Midtown Office vacancy decreased from 23.07 million RSF to 22.37 million RSF
  • Total Midtown South Office vacancy decreased from 6.73 million RSF to 6.56 million RSF
  • Total Downtown Office vacancy decreased from 7.79 million RSF to 7.51 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 32.19 million RSF to 31.28 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.51 million RSF to 18.92 million RSF
  • Manhattan Office Sublease vacancy decreased from 5.4 million RSF to 5.16 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.57 million RSF to 3.45 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.71 million RSF to 5.69 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 1.02 million RSF to 0.87 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.97 million RSF to 6.67 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.81 million RSF to 0.84 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.33 million RSF to 1.42 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.52 million RSF to 0.59 million RSF.
  • Midtown South Retail space vacancies decreased from 0.59 million RSF to 0.58 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.23 million RSF to 0.25 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.02 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.012 million RSF to 0.015 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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