New York City office
and retail Market Research
and retail Market Research
February 2008 » 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
- January 2008 New York Retail Leases
- December 2007 New York Retail Leases
- November 2007 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 | 6.78 | 1.46 | 8.24 | 5.9 % | -5.0 % |
| Midtown South Manhattan Office Class A | 0.03 | 0.05 | 0.08 | 9.1 % | 24.39 % |
| Downtown Manhattan Office Class A | 2.48 | 0.55 | 3.04 | 5.0 % | -3.49 % |
| Total Manhattan Office Class A | 9.29 | 2.07 | 11.36 | 5.8 % | -4.38 % |
| 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 | 15.7 | 3.54 | 19.24 | 8.86 % | -5.0 % |
| Midtown South Manhattan Office Class A | 0.98 | 0.06 | 1.04 | 7.12 % abc | 24.39 % |
| Downtown Manhattan Office Class A | 3.43 | 0.86 | 4.28 | 6.05 % | -9.41 % |
| Total Manhattan Office Class A | 20.1 | 4.46 | 24.56 | % | -2.67 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 11.86 million RSF to 11.36 million RSF.
- Total Manhattan Office Market vacancies decreased from 22.35 million RSF to 20.94 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 9.64 | 1.93 | 11.57 | 5.4 % | -7.95 % |
| Midtown South Manhattan Office | 3.85 | 0.3 | 4.15 | 6.1 % | -5.59 % |
| Downtown Manhattan Office | 4.43 | 0.79 | 5.22 | 6.1 % | -5.06 % |
| Total Manhattan Office | 17.92 | 3.01 | 20.94 | 5.7 % | -6.76 % |
| 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 | 20.58 | 4.39 | 24.97 | 7.86 % | -7.95 % |
| Midtown South Manhattan Office | 7.04 | 0.79 | 7.83 | 7.95 % abc | -5.59 % |
| Downtown Manhattan Office | 6.63 | 1.24 | 7.86 | 7.26 % | -5.47 % |
| Total Manhattan Office | 34.25 | 6.42 | 40.66 | % | -2.75 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 19.16 million RSF to 17.92 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.19 million RSF to 3.01 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 22.35 million RSF to 20.94 million RSF
- Total Midtown Office vacancy decreased from 12.49 million RSF to 11.57 million RSF
- Total Midtown South Office vacancy decreased from 4.38 million RSF to 4.15 million RSF
- Total Downtown Office vacancy decreased from 5.48 million RSF to 5.22 million RSF
