market research

June 2019

June 2019 » Market Analysis » New York Market Data

June 2019 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 34.83 million RSF to 32.99 million RSF
  • Total Midtown Office vacancy decreased from 20.39 million RSF to 19.96 million RSF
  • Total Midtown South Office vacancy decreased from 5.66 million RSF to 4.58 million RSF
  • Total Downtown Office vacancy decreased from 8.78 million RSF to 8.45 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 29.44 million RSF to 28.68 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 16.93 million RSF to 16.73 million RSF
  • Manhattan Office Sublease vacancy decreased from 5.39 million RSF to 4.31 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.46 million RSF to 3.23 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.79 million RSF to 4.5 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.87 million RSF to 0.08 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.72 million RSF to 7.45 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.05 million RSF to 1.0 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.48 million RSF to 1.46 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.45 million RSF to 0.48 million RSF.
  • Midtown South Retail space vacancies decreased from 0.74 million RSF to 0.71 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.29 million RSF to 0.27 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.01 million RSF to 0.15 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.006 million RSF to 0.151 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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