market research

October 2014

October 2014 » Market Analysis » New York Market Data

October 2014 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 33.79 million RSF to 34.18 million RSF.
  • Total Midtown Office vacancy increased from 19.75 million RSF to 20.03 million RSF.
  • Total Midtown South Office vacancy increased from 5.42 million RSF to 5.54 million RSF.
  • Total Downtown Office vacancy decreased from 8.63 million RSF to 8.61 million RSF
  • Total Manhattan Office direct lease vacancy increased from 30.56 million RSF to 30.61 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 17.63 million RSF to 17.68 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.23 million RSF to 3.57 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.12 million RSF to 2.35 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.93 million RSF to 5.02 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.49 million RSF to 0.52 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.0 million RSF to 7.91 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.63 million RSF to 0.7 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.95 million RSF to 1.03 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.3 million RSF to 0.37 million RSF.
  • Midtown South Retail space vacancies stayed at 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.25 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space decreased from 0.06 million RSF to 0.05 million RSF
  • Midtown Manhattan Industrial vacancy stayed at 0.01 million RSF.
  • Midtown South Industrial space vacancies decreased from 0.05 million RSF to 0.039 million RSF
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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