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January 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 | 13.0 | 3.56 | 16.56 | 8.9 % | 1.04 % |
| Midtown South Manhattan Office Class A | 0.94 | 0.07 | 1.01 | 9.6 % | -1.48 % |
| Downtown Manhattan Office Class A | 2.84 | 1.4 | 4.25 | 7.0 % | -2.05 % |
| Total Manhattan Office Class A | 16.79 | 5.04 | 21.82 | 8.5 % | 0.32 % |
| 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 | 23.72 | 9.66 | 33.38 | 14.8 % | 1.04 % |
| Midtown South Manhattan Office Class A | 2.01 | 0.45 | 2.45 | 16.08 % abc | -1.48 % |
| Downtown Manhattan Office Class A | 12.68 | 2.33 | 15.01 | 18.54 % | -0.63 % |
| Total Manhattan Office Class A | 38.41 | 12.44 | 50.85 | % | 0.31 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 21.75 million RSF to 21.82 million RSF
- Total Manhattan Office Market vacancies increased from 34.89 million RSF to 34.95 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.01 | 3.96 | 21.97 | 8.0 % | 1.17 % |
| Midtown South Manhattan Office | 6.04 | 0.7 | 6.73 | 7.5 % | -1.6 % |
| Downtown Manhattan Office | 4.66 | 1.58 | 6.24 | 7.1 % | -1.49 % |
| Total Manhattan Office | 28.71 | 6.24 | 34.95 | 7.7 % | 0.16 % |
| 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 | 32.7 | 11.43 | 44.13 | 13.31 % | 1.17 % |
| Midtown South Manhattan Office | 10.39 | 2.34 | 12.73 | 11.93 % abc | -1.6 % |
| Downtown Manhattan Office | 16.91 | 2.8 | 19.71 | 16.53 % | -0.36 % |
| Total Manhattan Office | 60.0 | 16.57 | 76.57 | % | -0.21 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 28.59 million RSF to 28.71 million RSF.
- Manhattan Office Sublease vacancy decreased from 6.3 million RSF to 6.24 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 34.89 million RSF to 34.95 million RSF.
- Total Midtown Office vacancy increased from 21.71 million RSF to 21.97 million RSF.
- Total Midtown South Office vacancy decreased from 6.84 million RSF to 6.73 million RSF
- Total Downtown Office vacancy decreased from 6.34 million RSF to 6.24 million RSF
