market research

January 2019

January 2019 » Market Analysis » New York Market Data

January 2019 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 36.24 million RSF to 40.12 million RSF.
  • Total Midtown Office vacancy increased from 20.94 million RSF to 21.53 million RSF.
  • Total Midtown South Office vacancy increased from 5.89 million RSF to 8.07 million RSF.
  • Total Downtown Office vacancy increased from 9.41 million RSF to 10.52 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 31.29 million RSF to 34.65 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.93 million RSF to 18.15 million RSF.
  • Manhattan Office Sublease vacancy increased from 4.95 million RSF to 5.47 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.01 million RSF to 3.38 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.9 million RSF to 7.0 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.99 million RSF to 1.06 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.46 million RSF to 9.49 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.95 million RSF to 1.03 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.53 million RSF to 1.57 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.53 million RSF to 0.52 million RSF
  • Midtown South Retail space vacancies increased from 0.67 million RSF to 0.73 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.33 million RSF to 0.32 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.02 million RSF to 0.08 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.014 million RSF to 0.078 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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