market research

November 2016

November 2016 » Market Analysis » New York Market Data

November 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 38.66 million RSF to 39.02 million RSF.
  • Total Midtown Office vacancy increased from 23.18 million RSF to 23.4 million RSF.
  • Total Midtown South Office vacancy increased from 6.1 million RSF to 6.2 million RSF.
  • Total Downtown Office vacancy increased from 9.38 million RSF to 9.42 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 34.99 million RSF to 35.35 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 20.8 million RSF to 21.01 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3.67 million RSF to 3.67 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.37 million RSF to 2.39 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.45 million RSF to 5.59 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.65 million RSF to 0.61 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.74 million RSF to 8.75 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.65 million RSF to 0.67 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.94 million RSF to 0.98 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.4 million RSF to 0.43 million RSF.
  • Midtown South Retail space vacancies increased from 0.38 million RSF to 0.39 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.09 million RSF to 0.11 million RSF.
  • Midtown Manhattan Industrial vacancy increased from 0.02 million RSF to 0.04 million RSF.
  • Midtown South Industrial space vacancies stayed at 0.07 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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