market research

September 2014

September 2014 » Market Analysis » New York Market Data

September 2014 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy decreased from 35.69 million RSF to 33.79 million RSF
  • Total Midtown Office vacancy decreased from 20.99 million RSF to 19.75 million RSF
  • Total Midtown South Office vacancy decreased from 5.92 million RSF to 5.42 million RSF
  • Total Downtown Office vacancy decreased from 8.78 million RSF to 8.63 million RSF
  • Total Manhattan Office direct lease vacancy decreased from 32.12 million RSF to 30.56 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan decreased from 18.62 million RSF to 17.63 million RSF
  • Manhattan Office Sublease vacancy decreased from 3.57 million RSF to 3.23 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.37 million RSF to 2.12 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan decreased from 5.38 million RSF to 4.93 million RSF
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.54 million RSF to 0.49 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan decreased from 8.12 million RSF to 8.0 million RSF
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan decreased from 0.67 million RSF to 0.63 million RSF

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space stayed at 0.95 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.3 million RSF.
  • Midtown South Retail space vacancies increased from 0.39 million RSF to 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.26 million RSF to 0.25 million RSF

Manhattan Industrial Rent Vacancy

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