June 2015 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 33.39 million RSF to 32.11 million RSF
• Total Midtown Office vacancy decreased from 18.8 million RSF to 17.96 million RSF
• Total Midtown South Office vacancy decreased from 4.82 million RSF to 4.47 million RSF
• Total Downtown Office vacancy decreased from 9.77 million RSF to 9.68 million RSF
• Total Manhattan Office direct lease vacancy decreased from 30.26 million RSF to 29.2 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 16.48 million RSF to 15.83 million RSF
• Manhattan Office Sublease vacancy decreased from 3.14 million RSF to 2.91 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.31 million RSF to 2.12 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.54 million RSF to 4.18 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.28 million RSF to 0.3 million RSF.
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.22 million RSF to 9.19 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.54 million RSF to 0.49 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 1.1 million RSF to 1.03 million RSF
• Midtown Manhattan Retail vacancy stayed at 0.38 million RSF.
• Midtown South Retail space vacancies decreased from 0.42 million RSF to 0.37 million RSF
• In Downtown Manhattan, Retail vacancy decreased from 0.3 million RSF to 0.28 million RSF

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.04 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
• Midtown South Industrial space vacancies stayed at 0.04 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.