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April 2007 » Market Analysis » New York Office Report
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NYC Office Space Graphs and Statistics
| NEW YORK CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office Class A | 6.52 | 1.75 | 8.27 | 4.6 % | -2.3 % |
| Midtown South Manhattan Office Class A | 0.52 | 0.02 | 0.53 | 5.8 % | -3.18 % |
| Downtown Manhattan Office Class A | 3.47 | 0.45 | 3.92 | 8.2 % | -4.47 % |
| Total Manhattan Office Class A | 10.51 | 2.21 | 12.73 | 5.5 % | -3.0 % |
| NEW YORK CLASS A OFFICE VACANT SPACE NOW AND IN THE NEXT TWO YEARS (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
| Midtown Manhattan Office Class A | 12.12 | 5.11 | 17.23 | 8.09 % | -2.3 % |
| Midtown South Manhattan Office Class A | 0.62 | 0.06 | 0.68 | 5.07 % abc | -3.18 % |
| Downtown Manhattan Office Class A | 4.79 | 1.12 | 5.91 | 8.28 % | 1.22 % |
| Total Manhattan Office Class A | 17.53 | 6.29 | 23.82 | % | 3.48 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 13.11 million RSF to 12.73 million RSF.
- Total Manhattan Office Market vacancies decreased from 22.6 million RSF to 21.74 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 9.61 | 2.02 | 11.64 | 4.5 % | -3.58 % |
| Midtown South Manhattan Office | 3.4 | 0.51 | 3.91 | 5.1 % | -4.15 % |
| Downtown Manhattan Office | 5.56 | 0.64 | 6.19 | 8.3 % | -4.55 % |
| Total Manhattan Office | 18.56 | 3.17 | 21.73 | 5.4 % | -3.96 % |
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE NOW AND IN THE NEXT TWO YEARS (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
| Midtown Manhattan Office | 17.45 | 6.06 | 23.51 | 7.6 % | -3.58 % |
| Midtown South Manhattan Office | 6.25 | 0.73 | 6.98 | 7.19 % abc | -4.15 % |
| Downtown Manhattan Office | 7.94 | 1.52 | 9.47 | 8.82 % | -0.3 % |
| Total Manhattan Office | 31.65 | 8.31 | 39.96 | % | 1.46 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 19.09 million RSF to 18.56 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.5 million RSF to 3.17 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 22.6 million RSF to 21.73 million RSF
- Total Midtown Office vacancy decreased from 12.05 million RSF to 11.64 million RSF
- Total Midtown South Office vacancy decreased from 4.07 million RSF to 3.91 million RSF
- Total Downtown Office vacancy decreased from 6.48 million RSF to 6.19 million RSF
