New York City office
and retail Market Research
and retail Market Research
April 2008 » Market Analysis » New York Office Report
Market Analysis
- Market Report
- NY New Developments
- NYC Buildings For Sale
- New York Market Data
- New York Office Leases
- New York Retail Leases
- March 2008 New York Retail Leases
- February 2008 New York Retail Leases
- January 2008 New York Retail Leases
- December 2007 New York Retail Leases
- More Reports...
- Market Research Archive
NYC Real Estate Statistics
Subscribe to Newsletter
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 | 6.87 | 1.55 | 8.42 | 5.1 % | 1.84 % |
| Midtown South Manhattan Office Class A | 0.04 | 0.05 | 0.09 | 9.1 % | -5.68 % |
| Downtown Manhattan Office Class A | 2.35 | 0.58 | 2.93 | 4.7 % | -8.07 % |
| Total Manhattan Office Class A | 9.25 | 2.19 | 11.44 | 5.2 % | -0.75 % |
| 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 | 16.22 | 4.01 | 20.23 | 9.31 % | 1.84 % |
| Midtown South Manhattan Office Class A | 0.95 | 0.11 | 1.06 | 7.26 % abc | -5.68 % |
| Downtown Manhattan Office Class A | 3.5 | 1.54 | 5.05 | 7.02 % | 11.63 % |
| Total Manhattan Office Class A | 20.67 | 5.66 | 26.33 | % | 4.06 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 11.52 million RSF to 11.44 million RSF.
- Total Manhattan Office Market vacancies decreased from 21.4 million RSF to 21.02 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 9.72 | 1.88 | 11.6 | 4.8 % | -0.53 % |
| Midtown South Manhattan Office | 3.6 | 0.29 | 3.9 | 6.0 % | -3.57 % |
| Downtown Manhattan Office | 4.72 | 0.8 | 5.52 | 6.2 % | -3.28 % |
| Total Manhattan Office | 18.04 | 2.98 | 21.02 | 5.3 % | -1.81 % |
| 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 | 21.43 | 4.88 | 26.31 | 8.26 % | -0.53 % |
| Midtown South Manhattan Office | 6.93 | 0.94 | 7.88 | 8.04 % abc | -3.57 % |
| Downtown Manhattan Office | 7.37 | 1.95 | 9.32 | 8.4 % | 7.67 % |
| Total Manhattan Office | 35.73 | 7.77 | 43.5 | % | 2.55 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 18.22 million RSF to 18.04 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.18 million RSF to 2.98 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 21.4 million RSF to 21.02 million RSF
- Total Midtown Office vacancy decreased from 11.66 million RSF to 11.6 million RSF
- Total Midtown South Office vacancy decreased from 4.04 million RSF to 3.9 million RSF
- Total Downtown Office vacancy decreased from 5.7 million RSF to 5.52 million RSF
