market research

June 2014

June 2014 » Market Analysis » New York Market Data

June 2014 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 37.27 million RSF to 36.84 million RSF
  • Total Midtown Office vacancy increased from 20.82 million RSF to 21.11 million RSF.
  • Total Midtown South Office vacancy decreased from 6.08 million RSF to 6.02 million RSF
  • Total Downtown Office vacancy decreased from 10.37 million RSF to 9.71 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 33.92 million RSF to 33.4 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.65 million RSF to 18.91 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.36 million RSF to 3.44 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.17 million RSF to 2.21 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.7 million RSF to 5.61 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.39 million RSF to 0.41 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.57 million RSF to 8.89 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.79 million RSF to 0.82 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.9 million RSF to 1.0 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.25 million RSF to 0.31 million RSF.
  • Midtown South Retail space vacancies stayed at 0.47 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.18 million RSF to 0.22 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.05 million RSF to 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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