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December 2016 » 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 | 15.73 | 1.72 | 17.45 | 9.4 % | -0.54 % |
| Midtown South Manhattan Office Class A | 0.2 | 0.02 | 0.23 | 2.3 % | 1.75 % |
| Downtown Manhattan Office Class A | 6.91 | 0.56 | 7.47 | 10.0 % | 1.62 % |
| Total Manhattan Office Class A | 22.84 | 2.31 | 25.15 | 9.2 % | 0.12 % |
| 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 | 27.74 | 4.56 | 32.3 | 13.32 % | -0.54 % |
| Midtown South Manhattan Office Class A | 1.02 | 0.12 | 1.15 | 6.97 % abc | 1.75 % |
| Downtown Manhattan Office Class A | 11.06 | 1.26 | 12.32 | 14.06 % | 1.1 % |
| Total Manhattan Office Class A | 39.82 | 5.94 | 45.76 | % | 0.05 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 25.12 million RSF to 25.15 million RSF
- Total Manhattan Office Market vacancies decreased from 39.02 million RSF to 38.99 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 20.76 | 2.43 | 23.2 | 8.6 % | -0.88 % |
| Midtown South Manhattan Office | 5.56 | 0.59 | 6.15 | 6.8 % | -0.88 % |
| Downtown Manhattan Office | 8.99 | 0.66 | 9.65 | 8.9 % | 2.39 % |
| Total Manhattan Office | 35.31 | 3.68 | 38.99 | 8.3 % | -0.07 % |
| 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 | 35.63 | 6.16 | 41.79 | 12.25 % | -0.88 % |
| Midtown South Manhattan Office | 8.78 | 1.86 | 10.64 | 10.03 % abc | -0.88 % |
| Downtown Manhattan Office | 14.12 | 1.48 | 15.6 | 12.39 % | 1.93 % |
| Total Manhattan Office | 58.53 | 9.5 | 68.03 | % | -0.04 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 35.35 million RSF to 35.31 million RSF.
- Manhattan Office Sublease vacancy increased from 3.67 million RSF to 3.68 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 39.02 million RSF to 38.99 million RSF
- Total Midtown Office vacancy decreased from 23.4 million RSF to 23.2 million RSF
- Total Midtown South Office vacancy decreased from 6.2 million RSF to 6.15 million RSF
- Total Downtown Office vacancy increased from 9.42 million RSF to 9.65 million RSF.
