market research

February 2019

February 2019 » Market Analysis » New York Market Data

February 2019 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 40.12 million RSF to 36.89 million RSF
  • Total Midtown Office vacancy decreased from 21.53 million RSF to 21.36 million RSF
  • Total Midtown South Office vacancy decreased from 8.07 million RSF to 6.1 million RSF
  • Total Downtown Office vacancy decreased from 10.52 million RSF to 9.43 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 34.65 million RSF to 31.24 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.15 million RSF to 18.07 million RSF
  • Manhattan Office Sublease vacancy increased from 5.47 million RSF to 5.65 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.38 million RSF to 3.29 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 7.0 million RSF to 4.81 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 1.06 million RSF to 1.29 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.49 million RSF to 8.36 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.03 million RSF to 1.07 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.57 million RSF to 1.54 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.52 million RSF to 0.58 million RSF.
  • Midtown South Retail space vacancies decreased from 0.73 million RSF to 0.7 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.32 million RSF to 0.26 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.08 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.08 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.01 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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