May 2016 New York Real Estate Market Data

Manhattan Office Rent Vacancy

• Total Manhattan Office Market vacancy decreased from 36.81 million RSF to 35.39 million RSF
• Total Midtown Office vacancy decreased from 21.61 million RSF to 20.41 million RSF
• Total Midtown South Office vacancy decreased from 5.59 million RSF to 5.46 million RSF
• Total Downtown Office vacancy decreased from 9.61 million RSF to 9.52 million RSF
• Total Manhattan Office direct lease vacancy decreased from 33.12 million RSF to 31.98 million RSF.
• Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 19.07 million RSF to 18.1 million RSF
• Manhattan Office Sublease vacancy decreased from 3.7 million RSF to 3.41 million RSF.
• Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.54 million RSF to 2.31 million RSF
• Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.0 million RSF to 4.88 million RSF
• Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.59 million RSF to 0.58 million RSF
• Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 9.05 million RSF to 9.0 million RSF
• Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.56 million RSF to 0.52 million RSF

Manhattan Retail Rent Vacancy

• Total Available Manhattan Retail Space increased from 0.95 million RSF to 0.97 million RSF.
• Midtown Manhattan Retail vacancy increased from 0.32 million RSF to 0.35 million RSF.
• Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.36 million RSF
• In Downtown Manhattan, Retail vacancy stayed at 0.25 million RSF.

Manhattan Industrial Rent Vacancy

• Total Available Manhattan Industrial Space stayed at 0.06 million RSF.
• Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
• Midtown South Industrial space vacancies stayed at 0.04 million RSF.
• In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.