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December 2012 » 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 | 12.59 | 3.04 | 15.64 | 9.3 % | 1.73 % |
| Midtown South Manhattan Office Class A | 0.61 | 0.01 | 0.62 | 10.0 % | -7.57 % |
| Downtown Manhattan Office Class A | 3.75 | 0.57 | 4.32 | 7.7 % | 2.29 % |
| Total Manhattan Office Class A | 16.95 | 3.62 | 20.58 | 8.9 % | 1.57 % |
| 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 | 21.93 | 6.67 | 28.6 | 12.62 % | 1.73 % |
| Midtown South Manhattan Office Class A | 1.46 | 0.04 | 1.5 | 9.88 % abc | -7.57 % |
| Downtown Manhattan Office Class A | 15.51 | 1.22 | 16.73 | 18.77 % | -0.47 % |
| Total Manhattan Office Class A | 38.9 | 7.93 | 46.83 | % | 0.42 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 20.26 million RSF to 20.58 million RSF
- Total Manhattan Office Market vacancies increased from 31.23 million RSF to 31.82 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.08 | 3.49 | 20.57 | 8.2 % | 1.47 % |
| Midtown South Manhattan Office | 4.51 | 0.21 | 4.72 | 6.3 % | 2.35 % |
| Downtown Manhattan Office | 5.71 | 0.82 | 6.53 | 7.1 % | 2.6 % |
| Total Manhattan Office | 27.3 | 4.51 | 31.82 | 7.6 % | 1.83 % |
| 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 | 29.98 | 7.88 | 37.86 | 11.51 % | 1.47 % |
| Midtown South Manhattan Office | 8.12 | 1.02 | 9.14 | 8.75 % abc | 2.35 % |
| Downtown Manhattan Office | 19.08 | 1.74 | 20.82 | 15.58 % | -0.23 % |
| Total Manhattan Office | 57.18 | 10.64 | 67.81 | % | 0.04 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 26.85 million RSF to 27.3 million RSF.
- Manhattan Office Sublease vacancy increased from 4.39 million RSF to 4.51 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 31.23 million RSF to 31.82 million RSF.
- Total Midtown Office vacancy increased from 20.27 million RSF to 20.57 million RSF.
- Total Midtown South Office vacancy increased from 4.61 million RSF to 4.72 million RSF.
- Total Downtown Office vacancy increased from 6.36 million RSF to 6.53 million RSF.
