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February 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 | 13.31 | 3.48 | 16.8 | 9.1 % | 1.42 % |
| Midtown South Manhattan Office Class A | 0.96 | 0.06 | 1.02 | 9.7 % | 0.59 % |
| Downtown Manhattan Office Class A | 3.34 | 1.24 | 4.58 | 7.5 % | 7.31 % |
| Total Manhattan Office Class A | 17.61 | 4.79 | 22.4 | 8.7 % | 2.58 % |
| 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 | 22.21 | 9.25 | 31.46 | 14.13 % | 1.42 % |
| Midtown South Manhattan Office Class A | 2.19 | 0.39 | 2.58 | 16.76 % abc | 0.59 % |
| Downtown Manhattan Office Class A | 13.31 | 2.14 | 15.45 | 18.61 % | 2.8 % |
| Total Manhattan Office Class A | 37.71 | 11.77 | 49.48 | % | -2.76 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 21.82 million RSF to 22.4 million RSF
- Total Manhattan Office Market vacancies increased from 34.95 million RSF to 35.68 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.38 | 3.88 | 22.27 | 8.2 % | 1.33 % |
| Midtown South Manhattan Office | 6.09 | 0.61 | 6.71 | 7.7 % | -0.39 % |
| Downtown Manhattan Office | 5.29 | 1.41 | 6.7 | 7.0 % | 6.86 % |
| Total Manhattan Office | 29.77 | 5.91 | 35.68 | 7.8 % | 2.05 % |
| 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 | 31.13 | 11.23 | 42.37 | 12.9 % | 1.33 % |
| Midtown South Manhattan Office | 10.74 | 2.16 | 12.9 | 12.13 % abc | -0.39 % |
| Downtown Manhattan Office | 17.55 | 2.58 | 20.13 | 16.6 % | 2.09 % |
| Total Manhattan Office | 59.42 | 15.97 | 75.4 | % | -1.56 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 28.71 million RSF to 29.77 million RSF.
- Manhattan Office Sublease vacancy decreased from 6.24 million RSF to 5.91 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 34.95 million RSF to 35.68 million RSF.
- Total Midtown Office vacancy increased from 21.97 million RSF to 22.27 million RSF.
- Total Midtown South Office vacancy decreased from 6.73 million RSF to 6.71 million RSF
- Total Downtown Office vacancy increased from 6.24 million RSF to 6.7 million RSF.
