market research

July 2018

July 2018 » Market Analysis » New York Market Data

July 2018 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 35.49 million RSF to 36.7 million RSF.
  • Total Midtown Office vacancy decreased from 21.66 million RSF to 21.24 million RSF
  • Total Midtown South Office vacancy decreased from 6.05 million RSF to 6.02 million RSF
  • Total Downtown Office vacancy increased from 7.78 million RSF to 9.45 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.56 million RSF to 18.26 million RSF
  • Total Manhattan Office direct lease vacancy increased from 30.62 million RSF to 31.94 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.1 million RSF to 2.98 million RSF
  • Manhattan Office Sublease vacancy decreased from 4.87 million RSF to 4.76 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.39 million RSF to 5.33 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.66 million RSF to 0.69 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.68 million RSF to 8.35 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.11 million RSF to 1.1 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.29 million RSF to 1.4 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.48 million RSF to 0.47 million RSF
  • Midtown South Retail space vacancies increased from 0.55 million RSF to 0.56 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.26 million RSF to 0.36 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.02 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.01 million RSF.
  • Midtown South Industrial space vacancies increased from 0.003 million RSF to 0.005 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