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March 2017

March 2017 » Market Analysis » New York Market Data

March 2017 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 39.16 million RSF to 38.67 million RSF
  • Total Midtown Office vacancy increased from 23.01 million RSF to 23.39 million RSF.
  • Total Midtown South Office vacancy increased from 6.5 million RSF to 6.53 million RSF.
  • Total Downtown Office vacancy decreased from 9.65 million RSF to 8.75 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 35.59 million RSF to 34.7 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 20.64 million RSF to 20.84 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.57 million RSF to 3.98 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.36 million RSF to 2.55 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.9 million RSF to 5.75 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.6 million RSF to 0.79 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.04 million RSF to 8.11 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.6 million RSF to 0.64 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.14 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.41 million RSF to 0.45 million RSF.
  • Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.51 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.18 million RSF to 0.17 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.09 million RSF to 0.04 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.073 million RSF to 0.017 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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