market research

June 2018

June 2018 » Market Analysis » New York Market Data

June 2018 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 36.16 million RSF to 35.49 million RSF
  • Total Midtown Office vacancy decreased from 22.08 million RSF to 21.66 million RSF
  • Total Midtown South Office vacancy decreased from 6.13 million RSF to 6.05 million RSF
  • Total Downtown Office vacancy decreased from 7.94 million RSF to 7.78 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 31.41 million RSF to 30.62 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.02 million RSF to 18.56 million RSF
  • Manhattan Office Sublease vacancy increased from 4.75 million RSF to 4.87 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.06 million RSF to 3.1 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.48 million RSF to 5.39 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.65 million RSF to 0.66 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 6.91 million RSF to 6.68 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 1.04 million RSF to 1.11 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.32 million RSF to 1.29 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.5 million RSF to 0.48 million RSF
  • Midtown South Retail space vacancies decreased from 0.56 million RSF to 0.55 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.26 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 stayed at 0.0 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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