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April 2017 » 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 | 15.96 | 1.97 | 17.93 | 9.6 % | -0.45 % |
| Midtown South Manhattan Office Class A | 0.59 | 0.06 | 0.65 | 5.0 % | 4.16 % |
| Downtown Manhattan Office Class A | 5.96 | 0.57 | 6.53 | 9.8 % | 0.63 % |
| Total Manhattan Office Class A | 22.51 | 2.6 | 25.11 | 9.4 % | -0.05 % |
| 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 | 27.27 | 5.04 | 32.31 | 13.36 % | -0.45 % |
| Midtown South Manhattan Office Class A | 1.33 | 0.13 | 1.46 | 8.59 % abc | 4.16 % |
| Downtown Manhattan Office Class A | 11.0 | 1.33 | 12.33 | 13.93 % | 1.05 % |
| Total Manhattan Office Class A | 39.6 | 6.5 | 46.1 | % | 1.98 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 25.12 million RSF to 25.11 million RSF.
- Total Manhattan Office Market vacancies decreased from 38.67 million RSF to 38.42 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 20.84 | 2.73 | 23.57 | 8.8 % | 0.76 % |
| Midtown South Manhattan Office | 5.68 | 0.75 | 6.43 | 7.3 % | -1.55 % |
| Downtown Manhattan Office | 7.74 | 0.69 | 8.42 | 8.8 % | -3.9 % |
| Total Manhattan Office | 34.26 | 4.16 | 38.42 | 8.5 % | -0.65 % |
| 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 | 35.29 | 6.65 | 41.94 | 12.3 % | 0.76 % |
| Midtown South Manhattan Office | 8.75 | 2.08 | 10.82 | 10.2 % abc | -1.55 % |
| Downtown Manhattan Office | 13.68 | 1.57 | 15.25 | 12.08 % | -1.93 % |
| Total Manhattan Office | 57.72 | 10.29 | 68.02 | % | 1.38 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 34.7 million RSF to 34.26 million RSF.
- Manhattan Office Sublease vacancy increased from 3.98 million RSF to 4.16 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 38.67 million RSF to 38.42 million RSF
- Total Midtown Office vacancy increased from 23.39 million RSF to 23.57 million RSF.
- Total Midtown South Office vacancy decreased from 6.53 million RSF to 6.43 million RSF
- Total Downtown Office vacancy decreased from 8.75 million RSF to 8.42 million RSF
