market research

May 2015

May 2015 » Market Analysis » New York Market Data

May 2015 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 34.03 million RSF to 33.39 million RSF
  • Total Midtown Office vacancy decreased from 19.36 million RSF to 18.8 million RSF
  • Total Midtown South Office vacancy decreased from 4.94 million RSF to 4.82 million RSF
  • Total Downtown Office vacancy increased from 9.73 million RSF to 9.77 million RSF.
  • Total Manhattan Office direct lease vacancy decreased from 30.92 million RSF to 30.26 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.08 million RSF to 16.48 million RSF
  • Manhattan Office Sublease vacancy increased from 3.11 million RSF to 3.14 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.28 million RSF to 2.31 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.67 million RSF to 4.54 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.27 million RSF to 0.28 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 9.17 million RSF to 9.22 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.56 million RSF to 0.54 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.1 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.39 million RSF to 0.38 million RSF
  • Midtown South Retail space vacancies increased from 0.4 million RSF to 0.42 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.27 million RSF to 0.3 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.05 million RSF to 0.04 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.0 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.04 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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