market research

May 2013

May 2013 » Market Analysis » New York Market Data

May 2013 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 33.48 million RSF to 33.94 million RSF.
  • Total Midtown Office vacancy increased from 21.09 million RSF to 21.17 million RSF.
  • Total Midtown South Office vacancy increased from 4.95 million RSF to 5.22 million RSF.
  • Total Downtown Office vacancy increased from 7.45 million RSF to 7.54 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 28.96 million RSF to 29.44 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.72 million RSF to 17.87 million RSF.
  • Manhattan Office Sublease vacancy decreased from 4.52 million RSF to 4.5 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.37 million RSF to 3.3 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.6 million RSF to 4.88 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.35 million RSF to 0.35 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.64 million RSF to 6.69 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.81 million RSF to 0.86 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.83 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.37 million RSF to 0.38 million RSF.
  • Midtown South Retail space vacancies increased from 0.29 million RSF to 0.3 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.18 million RSF to 0.13 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.075 million RSF to 0.036 million RSF
  • Midtown South Industrial space vacancies stayed at 0.1 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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