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New York
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VACANCY
Distribution / Warehousing
Average Vacancy Rate 7.7%
- Drifted upward by 20 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $5.69
- Up 0.2% from year-end 2018.
- Expected to finish 2019 at.
VACANCY
Apartment
The average Vacancy Rate was 4.2% in the Buffalo metro
- Vacancy in the Buffalo metro drifted upward by 40 basis points.
- The Buffalo metro had the highest vacancy level since Q3 2011.
Distribution / Warehousing
The average Vacancy Rate was 2.2% in the Buffalo metro
Office
The average Vacancy Rate was 14.5% in the Buffalo metro
- Vacancy in the Buffalo metro rose by 80 basis points.
- The Buffalo metro had the highest vacancy level since Q1 2021.
Retail
The average Vacancy Rate was 12.0% in the Buffalo metro
- Vacancy in the Buffalo metro drifted downward by 20 basis points.
- The Buffalo metro had the lowest vacancy level since Q1 2008.
RENT
Apartment
The average Asking Rent was $1,222 in the Buffalo metro
Distribution / Warehousing
The average Asking Rent was $7.27 in the Buffalo metro
- Rent in the Buffalo metro was up 0.7% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Buffalo metro.
Office
The average Asking Rent was $18.44 in the Buffalo metro
Retail
The average Asking Rent was $12.61 in the Buffalo metro
VACANCY
Apartment
The average Vacancy Rate was 4.0% in the Long Island market
Distribution / Warehousing
The average Vacancy Rate was 3.3% in the Long Island market
Flex / R&D
The average Vacancy Rate was 1.5% in the Long Island market
Office
The average Vacancy Rate was 13.6% in the Long Island market
- Vacancy in the Long Island market drifted upward by 10 basis points.
- The Long Island market had the highest vacancy level since Q2 2021.
Retail
The average Vacancy Rate was 8.5% in the Long Island market
- No vacancy change since Q3 2023 in the Long Island market.
- The Long Island market had the lowest vacancy level since Q3 2019.
RENT
Apartment
The average Asking Rent was $2,486 in the Long Island market
Distribution / Warehousing
The average Asking Rent was $9.98 in the Long Island market
- Rent in the Long Island market was up 0.8% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the Long Island market.
Flex / R&D
The average Asking Rent was $13.95 in the Long Island market
- Rent in the Long Island market was up 0.9% from Q3 2023.
- Rent Has risen for eleven consecutive quarters in the Long Island market.
Office
The average Asking Rent was $28.63 in the Long Island market
Retail
The average Asking Rent was $28.82 in the Long Island market
VACANCY
Apartment
The average Vacancy Rate was 3.5% in the New York Metro
Distribution / Warehousing
The average Vacancy Rate was 1.2% in the New York Metro
Office
The average Vacancy Rate was 12.7% in the New York Metro
- Vacancy in the New York Metro drifted upward by 40 basis points.
- The New York Metro had the highest vacancy level since Q1 1998.
RENT
Apartment
The average Asking Rent was $4,119 in the New York Metro
Distribution / Warehousing
The average Asking Rent was $21.58 in the New York Metro
- Rent in the New York Metro was up 1.0% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 in the New York Metro.
Office
The average Asking Rent was $75.83 in the New York Metro
VACANCY
Apartment
The average Vacancy Rate was 2.6% in the Rochester metro
- Vacancy in the Rochester metro drifted upward by 10 basis points.
- The Rochester metro had the highest vacancy level since Q3 2021.
Distribution / Warehousing
The average Vacancy Rate was 2.2% in the Rochester metro
Office
The average Vacancy Rate was 19.4% in the Rochester metro
- Vacancy in the Rochester metro drifted upward by 10 basis points.
- The Rochester metro had the highest vacancy level since year-end 2020.
Retail
The average Vacancy Rate was 13.5% in the Rochester metro
- No vacancy change since Q3 2023 in the Rochester metro.
- The Rochester metro had the highest vacancy level since Q1 2019.
RENT
Apartment
The average Asking Rent was $1,259 in the Rochester metro
- Rent in the Rochester metro was up 1.2% from Q3 2023.
- Rochester metro had its fastest rent rate of increase in five quarters.
Distribution / Warehousing
The average Asking Rent was $6.85 in the Rochester metro
- Rent in the Rochester metro was up 0.7% from Q3 2023.
- Rent Has risen for ten consecutive quarters in the Rochester metro.
Office
The average Asking Rent was $17.65 in the Rochester metro
Retail
The average Asking Rent was $14.03 in the Rochester metro
VACANCY
Apartment
The average Vacancy Rate was 3.6% in the Syracuse metro
Distribution / Warehousing
The average Vacancy Rate was 2.0% in the Syracuse metro
Office
The average Vacancy Rate was 15.2% in the Syracuse metro
- Vacancy in the Syracuse metro rose by 70 basis points.
- The Syracuse metro had the highest vacancy level since Q3 2018.
Retail
The average Vacancy Rate was 17.1% in the Syracuse metro
- Vacancy in the Syracuse metro rose by 110 basis points.
- The Syracuse metro had the highest vacancy level since Q3 1999.
RENT
Apartment
The average Asking Rent was $1,113 in the Syracuse metro
Distribution / Warehousing
The average Asking Rent was $4.78 in the Syracuse metro
- Rent in the Syracuse metro was up 0.6% from Q3 2023.
- Rent has risen in every quarter since Q2 2020 in the Syracuse metro.
Office
The average Asking Rent was $16.76 in the Syracuse metro
- Rent in the Syracuse metro was up 0.2% from Q3 2023.
- Syracuse metro had its fastest rent rate of increase three years.
Retail
The average Asking Rent was $13.31 in the Syracuse metro
VACANCY
Apartment
The average Vacancy Rate was 7.5% in the Westchester metro
Distribution / Warehousing
The average Vacancy Rate was 5.7% in the Westchester metro
Office
The average Vacancy Rate was 25.3% in the Westchester metro
- Vacancy in the Westchester metro increased by 60 basis points.
- The Westchester metro had the highest vacancy level since year-end 2004.
Retail
The average Vacancy Rate was 10.7% in the Westchester metro
RENT
Apartment
The average Asking Rent was $2,953 in the Westchester metro
- Rent in the Westchester metro was up 1.2% from Q3 2023.
- Westchester metro had its fastest rent rate of increase in four quarters.
Distribution / Warehousing
The average Asking Rent was $11.98 in the Westchester metro
- Rent in the Westchester metro was up 0.4% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 in the Westchester metro.