market research

March 2016

March 2016 » Market Analysis » New York Market Data

March 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 35.66 million RSF to 36.05 million RSF.
  • Total Midtown Office vacancy increased from 20.56 million RSF to 20.94 million RSF.
  • Total Midtown South Office vacancy increased from 5.32 million RSF to 5.37 million RSF.
  • Total Downtown Office vacancy decreased from 9.77 million RSF to 9.73 million RSF
  • Total Manhattan Office direct lease vacancy increased from 32.42 million RSF to 32.66 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.2 million RSF to 18.47 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.24 million RSF to 3.38 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.37 million RSF to 2.47 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.9 million RSF to 4.97 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.42 million RSF to 0.4 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.32 million RSF to 9.22 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.45 million RSF to 0.51 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.99 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.36 million RSF to 0.34 million RSF
  • Midtown South Retail space vacancies stayed at 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.23 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.16 million RSF to 0.06 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.137 million RSF to 0.037 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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