market research

March 2014

March 2014 » Market Analysis » New York Market Data

March 2014 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 37.09 million RSF to 36.59 million RSF
  • Total Midtown Office vacancy decreased from 21.22 million RSF to 21.05 million RSF
  • Total Midtown South Office vacancy decreased from 5.78 million RSF to 5.75 million RSF
  • Total Downtown Office vacancy decreased from 10.09 million RSF to 9.79 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 33.43 million RSF to 33.08 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.61 million RSF to 18.71 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3.65 million RSF to 3.51 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.6 million RSF to 2.34 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.48 million RSF to 5.33 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.3 million RSF to 0.43 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.34 million RSF to 9.05 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.75 million RSF to 0.74 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.8 million RSF to 0.78 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.26 million RSF to 0.25 million RSF
  • Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.37 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.06 million RSF to 0.05 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.016 million RSF to 0.009 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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