market research

October 2013

October 2013 » Market Analysis » New York Market Data

October 2013 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 32.61 million RSF to 37.63 million RSF.
  • Total Midtown Office vacancy increased from 20.29 million RSF to 22.12 million RSF.
  • Total Midtown South Office vacancy decreased from 6.09 million RSF to 6.09 million RSF
  • Total Downtown Office vacancy increased from 6.23 million RSF to 9.42 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 29.29 million RSF to 33.52 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.36 million RSF to 19.09 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.32 million RSF to 4.12 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.93 million RSF to 3.04 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.78 million RSF to 5.78 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.31 million RSF to 0.3 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 6.15 million RSF to 8.64 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.08 million RSF to 0.78 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.92 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.34 million RSF to 0.35 million RSF.
  • Midtown South Retail space vacancies stayed at 0.3 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.17 million RSF to 0.26 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.1 million RSF to 0.08 million RSF
  • Midtown Manhattan Industrial vacancy decreased from 0.042 million RSF to 0.026 million RSF
  • Midtown South Industrial space vacancies stayed at 0.05 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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