New York City office
and retail Market Research
and retail Market Research
August 2016 » 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
- July 2016 New York Retail Leases
- June 2016 New York Retail Leases
- May 2016 New York Retail Leases
- April 2016 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 | 14.56 | 1.74 | 16.3 | 9.0 % | -3.18 % |
| Midtown South Manhattan Office Class A | 0.14 | 0.04 | 0.19 | 2.4 % | -12.23 % |
| Downtown Manhattan Office Class A | 6.82 | 0.33 | 7.15 | 9.6 % | -5.91 % |
| Total Manhattan Office Class A | 21.52 | 2.11 | 23.63 | 8.8 % | -4.08 % |
| 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 | 28.05 | 3.54 | 31.6 | 13.01 % | -3.18 % |
| Midtown South Manhattan Office Class A | 0.59 | 0.08 | 0.67 | 4.2 % abc | -12.23 % |
| Downtown Manhattan Office Class A | 10.72 | 1.16 | 11.88 | 13.5 % | -0.01 % |
| Total Manhattan Office Class A | 39.37 | 4.78 | 44.15 | % | 0.91 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 24.6 million RSF to 23.63 million RSF.
- Total Manhattan Office Market vacancies decreased from 37.11 million RSF to 36.6 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 19.72 | 2.24 | 21.95 | 8.3 % | -0.61 % |
| Midtown South Manhattan Office | 4.92 | 0.67 | 5.58 | 6.9 % | 0.97 % |
| Downtown Manhattan Office | 8.59 | 0.47 | 9.06 | 8.3 % | -4.78 % |
| Total Manhattan Office | 33.22 | 3.38 | 36.6 | 8.1 % | -1.4 % |
| 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 | 35.52 | 4.99 | 40.51 | 11.9 % | -0.61 % |
| Midtown South Manhattan Office | 7.89 | 1.46 | 9.35 | 8.89 % abc | 0.97 % |
| Downtown Manhattan Office | 13.46 | 1.42 | 14.88 | 11.79 % | -0.38 % |
| Total Manhattan Office | 56.87 | 7.87 | 64.74 | % | 1.25 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 33.87 million RSF to 33.22 million RSF.
- Manhattan Office Sublease vacancy increased from 3.24 million RSF to 3.38 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 37.11 million RSF to 36.6 million RSF
- Total Midtown Office vacancy decreased from 22.09 million RSF to 21.95 million RSF
- Total Midtown South Office vacancy increased from 5.53 million RSF to 5.58 million RSF.
- Total Downtown Office vacancy decreased from 9.49 million RSF to 9.06 million RSF
