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August 2013 » 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 | 12.95 | 2.89 | 15.84 | 8.4 % | 1.19 % |
| Midtown South Manhattan Office Class A | 0.53 | 0.02 | 0.54 | 7.6 % | -16.54 % |
| Downtown Manhattan Office Class A | 4.53 | 0.48 | 5.02 | 7.8 % | -4.21 % |
| Total Manhattan Office Class A | 18.01 | 3.39 | 21.4 | 8.2 % | -0.52 % |
| 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 | 23.11 | 6.23 | 29.34 | 12.8 % | 1.19 % |
| Midtown South Manhattan Office Class A | 1.08 | 0.02 | 1.09 | 7.46 % abc | -16.54 % |
| Downtown Manhattan Office Class A | 15.17 | 1.43 | 16.59 | 18.8 % | -1.3 % |
| Total Manhattan Office Class A | 39.35 | 7.67 | 47.02 | % | -0.03 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 21.51 million RSF to 21.4 million RSF.
- Total Manhattan Office Market vacancies increased from 33.09 million RSF to 33.41 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.24 | 3.33 | 20.57 | 7.6 % | 0.22 % |
| Midtown South Manhattan Office | 5.34 | 0.27 | 5.61 | 6.6 % | 5.54 % |
| Downtown Manhattan Office | 6.45 | 0.77 | 7.22 | 7.0 % | -0.58 % |
| Total Manhattan Office | 29.03 | 4.37 | 33.41 | 7.3 % | 0.94 % |
| 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 | 30.32 | 7.28 | 37.6 | 11.42 % | 0.22 % |
| Midtown South Manhattan Office | 8.68 | 1.1 | 9.78 | 9.36 % abc | 5.54 % |
| Downtown Manhattan Office | 18.71 | 2.01 | 20.72 | 15.57 % | -0.69 % |
| Total Manhattan Office | 57.71 | 10.39 | 68.1 | % | 0.12 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 29.18 million RSF to 29.03 million RSF.
- Manhattan Office Sublease vacancy increased from 3.91 million RSF to 4.37 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 33.09 million RSF to 33.41 million RSF.
- Total Midtown Office vacancy increased from 20.53 million RSF to 20.57 million RSF.
- Total Midtown South Office vacancy increased from 5.3 million RSF to 5.61 million RSF.
- Total Downtown Office vacancy decreased from 7.26 million RSF to 7.22 million RSF
