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April 2012 » 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 | 12.33 | 2.21 | 14.54 | 8.5 % | 0.27 % |
| Midtown South Manhattan Office Class A | 0.47 | 0.02 | 0.49 | 8.4 % | -2.46 % |
| Downtown Manhattan Office Class A | 4.32 | 0.31 | 4.62 | 8.3 % | -1.71 % |
| Total Manhattan Office Class A | 17.11 | 2.54 | 19.65 | 8.5 % | -0.26 % |
| 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 | 21.97 | 6.29 | 28.27 | 12.48 % | 0.27 % |
| Midtown South Manhattan Office Class A | 1.86 | 0.09 | 1.95 | 12.41 % abc | -2.46 % |
| Downtown Manhattan Office Class A | 15.09 | 1.15 | 16.24 | 18.33 % | -4.19 % |
| Total Manhattan Office Class A | 38.92 | 7.53 | 46.46 | % | -0.26 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 19.7 million RSF to 19.65 million RSF.
- Total Manhattan Office Market vacancies increased from 30.97 million RSF to 31.14 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.22 | 2.54 | 19.77 | 7.7 % | 0.68 % |
| Midtown South Manhattan Office | 3.92 | 0.27 | 4.19 | 5.7 % | 4.63 % |
| Downtown Manhattan Office | 6.49 | 0.7 | 7.18 | 7.7 % | -2.31 % |
| Total Manhattan Office | 27.63 | 3.5 | 31.14 | 7.3 % | 0.52 % |
| 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 | 30.7 | 7.63 | 38.33 | 11.63 % | 0.68 % |
| Midtown South Manhattan Office | 8.11 | 0.91 | 9.02 | 8.68 % abc | 4.63 % |
| Downtown Manhattan Office | 19.55 | 1.94 | 21.49 | 16.01 % | -0.1 % |
| Total Manhattan Office | 58.36 | 10.48 | 68.84 | % | 1.44 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 27.64 million RSF to 27.63 million RSF.
- Manhattan Office Sublease vacancy increased from 3.33 million RSF to 3.5 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 30.97 million RSF to 31.14 million RSF.
- Total Midtown Office vacancy increased from 19.63 million RSF to 19.77 million RSF.
- Total Midtown South Office vacancy increased from 4.0 million RSF to 4.19 million RSF.
- Total Downtown Office vacancy decreased from 7.35 million RSF to 7.18 million RSF
