market research

May 2019

May 2019 » Market Analysis » New York Market Data

May 2019 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 35.72 million RSF to 34.83 million RSF
  • Total Midtown Office vacancy decreased from 20.97 million RSF to 20.39 million RSF
  • Total Midtown South Office vacancy decreased from 5.8 million RSF to 5.66 million RSF
  • Total Downtown Office vacancy decreased from 8.95 million RSF to 8.78 million RSF
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 17.26 million RSF to 16.93 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 30.02 million RSF to 29.44 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.71 million RSF to 3.46 million RSF
  • Manhattan Office Sublease vacancy decreased from 5.7 million RSF to 5.39 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 4.89 million RSF to 4.79 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.91 million RSF to 0.87 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.87 million RSF to 7.72 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 1.08 million RSF to 1.05 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.52 million RSF to 1.48 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
  • Midtown South Retail space vacancies decreased from 0.77 million RSF to 0.74 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.3 million RSF to 0.29 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.08 million RSF to 0.01 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.078 million RSF to 0.006 million RSF
  • Midtown South Industrial space vacancies decreased from 0.005 million RSF to 0.003 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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