market research

March 2018

March 2018 » Market Analysis » New York Market Data

March 2018 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 36.44 million RSF to 36.66 million RSF.
  • Total Midtown Office vacancy decreased from 22.37 million RSF to 22.36 million RSF
  • Total Midtown South Office vacancy decreased from 6.56 million RSF to 6.52 million RSF
  • Total Downtown Office vacancy increased from 7.51 million RSF to 7.78 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 31.28 million RSF to 31.38 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.92 million RSF to 18.96 million RSF.
  • Manhattan Office Sublease vacancy increased from 5.16 million RSF to 5.28 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.45 million RSF to 3.4 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.69 million RSF to 5.61 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.87 million RSF to 0.91 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.67 million RSF to 6.81 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.84 million RSF to 0.97 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.42 million RSF to 1.4 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.59 million RSF to 0.57 million RSF
  • Midtown South Retail space vacancies decreased from 0.58 million RSF to 0.56 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.25 million RSF to 0.27 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.02 million RSF.
  • Midtown Manhattan Industrial vacancy decreased from 0.015 million RSF to 0.014 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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