market research

July 2014

July 2014 » Market Analysis » New York Market Data

July 2014 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 36.84 million RSF to 35.88 million RSF
  • Total Midtown Office vacancy decreased from 21.11 million RSF to 20.95 million RSF
  • Total Midtown South Office vacancy decreased from 6.02 million RSF to 5.86 million RSF
  • Total Downtown Office vacancy decreased from 9.71 million RSF to 9.07 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 33.4 million RSF to 32.55 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.91 million RSF to 18.78 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.44 million RSF to 3.34 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.21 million RSF to 2.16 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.61 million RSF to 5.34 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.41 million RSF to 0.52 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.89 million RSF to 8.42 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.82 million RSF to 0.65 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.94 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.31 million RSF to 0.3 million RSF
  • Midtown South Retail space vacancies decreased from 0.47 million RSF to 0.43 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.22 million RSF to 0.21 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.06 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.01 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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