market research

September 2016

September 2016 » Market Analysis » New York Market Data

September 2016 New York Real Estate Market Data


Manhattan Office Rent Vacancy

  • Total Manhattan Office Market vacancy increased from 36.6 million RSF to 38.02 million RSF.
  • Total Midtown Office vacancy increased from 21.95 million RSF to 22.9 million RSF.
  • Total Midtown South Office vacancy increased from 5.58 million RSF to 5.84 million RSF.
  • Total Downtown Office vacancy increased from 9.06 million RSF to 9.28 million RSF.
  • Total Manhattan Office direct lease vacancy increased from 33.22 million RSF to 34.65 million RSF.
  • Total vacant Office Direct Space For Rent in Midtown Manhattan increased from 19.72 million RSF to 20.69 million RSF.
  • Manhattan Office Sublease vacancy decreased from 3.38 million RSF to 3.37 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown Manhattan decreased from 2.24 million RSF to 2.21 million RSF
  • Total vacant Office Direct Space For Rent in Midtown South Manhattan increased from 4.92 million RSF to 5.23 million RSF.
  • Total vacant Office Sublease Space For Lease in Midtown South Manhattan decreased from 0.67 million RSF to 0.61 million RSF
  • Total vacant Office Direct Space For Rent in Downtown Manhattan increased from 8.59 million RSF to 8.73 million RSF.
  • Total vacant Office Sublease Space For Lease in Downtown Manhattan increased from 0.47 million RSF to 0.54 million RSF.

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.08 million RSF to 0.96 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.43 million RSF to 0.4 million RSF
  • Midtown South Retail space vacancies increased from 0.35 million RSF to 0.4 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.29 million RSF to 0.17 million RSF

Manhattan Industrial Rent Vacancy

  • Total Available Manhattan Industrial Space increased from 0.08 million RSF to 0.09 million RSF.
  • Midtown Manhattan Industrial vacancy stayed at 0.02 million RSF.
  • Midtown South Industrial space vacancies increased from 0.058 million RSF to 0.065 million RSF.
  • In Downtown Manhattan, Industrial vacancy stayed at 0.0 million RSF.
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