market research

January 2018

January 2018 » Market Analysis » New York Market Data

January 2018 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 37.06 million RSF to 37.59 million RSF.
  • Total Midtown Office vacancy increased from 22.28 million RSF to 23.07 million RSF.
  • Total Midtown South Office vacancy decreased from 6.86 million RSF to 6.73 million RSF
  • Total Downtown Office vacancy decreased from 7.93 million RSF to 7.79 million RSF
  • Total Manhattan Office direct lease vacancy increased from 31.58 million RSF to 32.19 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.76 million RSF to 19.51 million RSF.
  • Manhattan Office Sublease vacancy decreased from 5.48 million RSF to 5.4 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.52 million RSF to 3.57 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.77 million RSF to 5.71 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 1.09 million RSF to 1.02 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.06 million RSF to 6.97 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.87 million RSF to 0.81 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.28 million RSF to 1.33 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
  • Midtown South Retail space vacancies increased from 0.55 million RSF to 0.59 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.21 million RSF to 0.23 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.01 million RSF to 0.02 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.01 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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