market research

July 2017

July 2017 » Market Analysis » New York Market Data

July 2017 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 38.49 million RSF to 37.33 million RSF
  • Total Midtown Office vacancy decreased from 23.99 million RSF to 23.09 million RSF
  • Total Midtown South Office vacancy decreased from 6.28 million RSF to 6.13 million RSF
  • Total Downtown Office vacancy decreased from 8.22 million RSF to 8.11 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 34.05 million RSF to 32.74 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 21.03 million RSF to 19.99 million RSF
  • Manhattan Office Sublease vacancy increased from 4.44 million RSF to 4.59 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.95 million RSF to 3.1 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.4 million RSF to 5.29 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.88 million RSF to 0.84 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.61 million RSF to 7.46 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.61 million RSF to 0.65 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.13 million RSF to 1.09 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
  • Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.5 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.14 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.04 million RSF to 0.01 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.03 million RSF to 0.003 million RSF
  • Midtown South Industrial space vacancies decreased from 0.009 million RSF to 0.002 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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