March 2019 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy increased from 36.89 million RSF to 37.06 million RSF.
• Total Midtown Office vacancy increased from 21.36 million RSF to 21.96 million RSF.
• Total Midtown South Office vacancy decreased from 6.1 million RSF to 5.65 million RSF
• Total Downtown Office vacancy increased from 9.43 million RSF to 9.45 million RSF.
• Total Manhattan Office direct lease vacancy increased from 31.24 million RSF to 31.81 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 18.07 million RSF to 18.56 million RSF.
• Manhattan Office Sublease vacancy decreased from 5.65 million RSF to 5.25 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 3.29 million RSF to 3.4 million RSF.
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.81 million RSF to 4.8 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 1.29 million RSF to 0.84 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.36 million RSF to 8.45 million RSF.
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.07 million RSF to 1.01 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space decreased from 1.54 million RSF to 1.48 million RSF
• Midtown Manhattan Retail vacancy decreased from 0.58 million RSF to 0.48 million RSF
• Midtown South Retail space vacancies stayed at 0.7 million RSF.
• In Downtown Manhattan, Retail vacancy increased from 0.26 million RSF to 0.3 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.08 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.08 million RSF.
• Midtown South Industrial space vacancies stayed at 0.01 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.