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August 2010 » 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 | 14.04 | 2.87 | 16.91 | 9.7 % | 1.35 % |
| Midtown South Manhattan Office Class A | 0.73 | 0.15 | 0.88 | 10.2 % | 0.0 % |
| Downtown Manhattan Office Class A | 4.76 | 1.28 | 6.04 | 9.0 % | 2.07 % |
| Total Manhattan Office Class A | 19.52 | 4.31 | 23.83 | 9.6 % | 1.48 % |
| 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 | 21.07 | 8.16 | 29.23 | 13.2 % | 1.35 % |
| Midtown South Manhattan Office Class A | 2.03 | 0.39 | 2.42 | 15.58 % abc | 0.0 % |
| Downtown Manhattan Office Class A | 13.96 | 1.96 | 15.92 | 19.22 % | 2.48 % |
| Total Manhattan Office Class A | 37.06 | 10.51 | 47.57 | % | -0.67 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 23.47 million RSF to 23.83 million RSF
- Total Manhattan Office Market vacancies increased from 36.67 million RSF to 37.31 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 19.15 | 3.21 | 22.36 | 8.6 % | 1.65 % |
| Midtown South Manhattan Office | 5.74 | 0.82 | 6.56 | 7.7 % | 1.08 % |
| Downtown Manhattan Office | 6.91 | 1.47 | 8.38 | 8.4 % | 2.43 % |
| Total Manhattan Office | 31.8 | 5.5 | 37.31 | 8.4 % | 1.72 % |
| 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 | 30.01 | 9.54 | 39.55 | 12.2 % | 1.65 % |
| Midtown South Manhattan Office | 9.94 | 1.9 | 11.84 | 11.24 % abc | 1.08 % |
| Downtown Manhattan Office | 18.38 | 2.6 | 20.98 | 17.4 % | 2.46 % |
| Total Manhattan Office | 58.33 | 14.05 | 72.38 | % | -0.55 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 31.22 million RSF to 31.8 million RSF.
- Manhattan Office Sublease vacancy increased from 5.45 million RSF to 5.5 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 36.67 million RSF to 37.31 million RSF.
- Total Midtown Office vacancy increased from 21.99 million RSF to 22.36 million RSF.
- Total Midtown South Office vacancy increased from 6.49 million RSF to 6.56 million RSF.
- Total Downtown Office vacancy increased from 8.18 million RSF to 8.38 million RSF.
