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March 2015

March 2015 » Market Analysis » New York Market Data

March 2015 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 34.99 million RSF to 33.84 million RSF
  • Total Midtown Office vacancy decreased from 19.78 million RSF to 19.38 million RSF
  • Total Midtown South Office vacancy decreased from 4.82 million RSF to 4.77 million RSF
  • Total Downtown Office vacancy decreased from 10.4 million RSF to 9.7 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 31.43 million RSF to 30.69 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.36 million RSF to 17.19 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.57 million RSF to 3.15 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.42 million RSF to 2.19 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.39 million RSF to 4.41 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.42 million RSF to 0.36 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.67 million RSF to 9.1 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.73 million RSF to 0.6 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.01 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.37 million RSF to 0.38 million RSF.
  • Midtown South Retail space vacancies increased from 0.33 million RSF to 0.37 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.05 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.
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