market research

October 2017

October 2017 » Market Analysis » New York Market Data

October 2017 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 37.86 million RSF to 37.49 million RSF
  • Total Midtown Office vacancy decreased from 23.33 million RSF to 23.14 million RSF
  • Total Midtown South Office vacancy increased from 6.47 million RSF to 6.76 million RSF.
  • Total Downtown Office vacancy decreased from 8.06 million RSF to 7.59 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 32.89 million RSF to 32.56 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 20.01 million RSF to 19.86 million RSF
  • Manhattan Office Sublease vacancy decreased from 4.97 million RSF to 4.93 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 3.32 million RSF to 3.28 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 5.43 million RSF to 5.74 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 1.04 million RSF to 1.02 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 7.45 million RSF to 6.97 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.62 million RSF to 0.62 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.14 million RSF to 1.2 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.49 million RSF to 0.52 million RSF.
  • Midtown South Retail space vacancies increased from 0.52 million RSF to 0.55 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.13 million RSF.

Manhattan Industrial Rent Vacancy

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