market research

July 2013

July 2013 » Market Analysis » New York Market Data

July 2013 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 34.09 million RSF to 33.09 million RSF
  • Total Midtown Office vacancy decreased from 21.05 million RSF to 20.53 million RSF
  • Total Midtown South Office vacancy decreased from 5.54 million RSF to 5.3 million RSF
  • Total Downtown Office vacancy decreased from 7.49 million RSF to 7.26 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 29.63 million RSF to 29.18 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.84 million RSF to 17.56 million RSF
  • Manhattan Office Sublease vacancy decreased from 4.46 million RSF to 3.91 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.21 million RSF to 2.97 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.13 million RSF to 5.09 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.42 million RSF to 0.21 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.66 million RSF to 6.53 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.83 million RSF to 0.73 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.85 million RSF to 0.82 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.38 million RSF to 0.36 million RSF
  • Midtown South Retail space vacancies decreased from 0.31 million RSF to 0.29 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.17 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.1 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.04 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.05 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building