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December 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 | 14.03 | 2.05 | 16.08 | 9.2 % | -1.42 % |
| Midtown South Manhattan Office Class A | 0.83 | 0.14 | 0.97 | 1.14 % | -3.82 % |
| Downtown Manhattan Office Class A | 4.59 | 1.11 | 5.7 | 8.0 % | -1.35 % |
| Total Manhattan Office Class A | 19.45 | 3.3 | 22.75 | 9.0 % | -1.51 % |
| 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 | 21.86 | 6.84 | 28.69 | 12.93 % | -1.42 % |
| Midtown South Manhattan Office Class A | 1.52 | 0.24 | 1.77 | 11.71 % abc | -3.82 % |
| Downtown Manhattan Office Class A | 15.05 | 1.75 | 16.81 | 18.81 % | -0.54 % |
| Total Manhattan Office Class A | 38.43 | 8.83 | 47.27 | % | -2.26 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 23.09 million RSF to 22.75 million RSF.
- Total Manhattan Office Market vacancies decreased from 36.38 million RSF to 35.8 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 19.06 | 2.26 | 21.32 | 8.2 % | -1.0 % |
| Midtown South Manhattan Office | 5.78 | 0.62 | 6.4 | 7.6 % | -2.44 % |
| Downtown Manhattan Office | 6.81 | 1.27 | 8.08 | 7.3 % | -2.57 % |
| Total Manhattan Office | 31.64 | 4.15 | 35.8 | 7.9 % | -1.61 % |
| 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 | 30.36 | 8.13 | 38.49 | 11.92 % | -1.0 % |
| Midtown South Manhattan Office | 9.36 | 1.39 | 10.75 | 10.28 % abc | -2.44 % |
| Downtown Manhattan Office | 19.42 | 2.18 | 21.6 | 15.89 % | -1.39 % |
| Total Manhattan Office | 59.14 | 11.7 | 70.84 | % | -2.26 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 31.85 million RSF to 31.64 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.52 million RSF to 4.15 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 36.38 million RSF to 35.8 million RSF
- Total Midtown Office vacancy decreased from 21.53 million RSF to 21.32 million RSF
- Total Midtown South Office vacancy decreased from 6.56 million RSF to 6.4 million RSF
- Total Downtown Office vacancy decreased from 8.29 million RSF to 8.08 million RSF
