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October 2016

October 2016 » Market Analysis » New York Market Data

October 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 38.02 million RSF to 38.66 million RSF.
  • Total Midtown Office vacancy increased from 22.9 million RSF to 23.18 million RSF.
  • Total Midtown South Office vacancy increased from 5.84 million RSF to 6.1 million RSF.
  • Total Downtown Office vacancy increased from 9.28 million RSF to 9.38 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 34.65 million RSF to 34.99 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 20.69 million RSF to 20.8 million RSF.
  • Manhattan Office Sublease vacancy increased from 3.37 million RSF to 3.67 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan increased from 2.21 million RSF to 2.37 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.23 million RSF to 5.45 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan increased from 0.61 million RSF to 0.65 million RSF.
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.73 million RSF to 8.74 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.54 million RSF to 0.65 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.96 million RSF to 0.94 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.4 million RSF.
  • Midtown South Retail space vacancies decreased from 0.4 million RSF to 0.38 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space stayed at 0.09 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 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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