market research

June 2013

June 2013 » Market Analysis » New York Market Data

June 2013 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 33.94 million RSF to 34.09 million RSF.
  • Total Midtown Office vacancy decreased from 21.17 million RSF to 21.05 million RSF
  • Total Midtown South Office vacancy increased from 5.22 million RSF to 5.54 million RSF.
  • Total Downtown Office vacancy decreased from 7.54 million RSF to 7.49 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.87 million RSF to 17.84 million RSF
  • Total Manhattan Office direct lease vacancy increased from 29.44 million RSF to 29.63 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.3 million RSF to 3.21 million RSF
  • Manhattan Office Sublease vacancy decreased from 4.5 million RSF to 4.46 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.88 million RSF to 5.13 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.35 million RSF to 0.42 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.69 million RSF to 6.66 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.86 million RSF to 0.83 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.83 million RSF to 0.85 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.38 million RSF.
  • Midtown South Retail space vacancies increased from 0.3 million RSF to 0.31 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.13 million RSF to 0.1 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.04 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.096 million RSF to 0.054 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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