market research

January 2016

January 2016 » Market Analysis » New York Market Data

January 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 33.8 million RSF to 34.78 million RSF.
  • Total Midtown Office vacancy increased from 19.71 million RSF to 19.81 million RSF.
  • Total Midtown South Office vacancy increased from 4.76 million RSF to 5.0 million RSF.
  • Total Downtown Office vacancy increased from 9.33 million RSF to 9.98 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 30.7 million RSF to 31.55 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.45 million RSF to 17.4 million RSF
  • Manhattan Office Sublease vacancy increased from 3.11 million RSF to 3.24 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.26 million RSF to 2.4 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.32 million RSF to 4.59 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.45 million RSF to 0.41 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.92 million RSF to 9.56 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.41 million RSF to 0.42 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.03 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
  • Midtown South Retail space vacancies increased from 0.36 million RSF to 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.28 million RSF to 0.27 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.04 million RSF to 0.06 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.003 million RSF to 0.023 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.04 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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