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January 2011 » 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 | 13.78 | 1.88 | 15.66 | 9.1 % | -2.68 % |
| Midtown South Manhattan Office Class A | 0.83 | 0.11 | 0.94 | 11.2 % | -2.98 % |
| Downtown Manhattan Office Class A | 4.49 | 1.02 | 5.51 | 7.9 % | -3.5 % |
| Total Manhattan Office Class A | 19.09 | 3.01 | 22.11 | 8.9 % | -2.9 % |
| 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 | 21.65 | 6.44 | 28.09 | 12.67 % | -2.68 % |
| Midtown South Manhattan Office Class A | 1.52 | 0.22 | 1.74 | 11.52 % abc | -2.98 % |
| Downtown Manhattan Office Class A | 15.07 | 1.69 | 16.76 | 18.71 % | -0.3 % |
| Total Manhattan Office Class A | 38.24 | 8.35 | 46.59 | % | -1.46 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 22.75 million RSF to 22.11 million RSF.
- Total Manhattan Office Market vacancies decreased from 35.8 million RSF to 34.87 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.73 | 2.06 | 20.8 | 8.1 % | -2.5 % |
| Midtown South Manhattan Office | 5.56 | 0.56 | 6.12 | 7.6 % | -4.66 % |
| Downtown Manhattan Office | 6.8 | 1.16 | 7.96 | 7.4 % | -1.57 % |
| Total Manhattan Office | 31.09 | 3.78 | 34.87 | 7.8 % | -2.66 % |
| 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 | 29.91 | 7.63 | 37.54 | 11.65 % | -2.5 % |
| Midtown South Manhattan Office | 9.17 | 1.3 | 10.47 | 10.02 % abc | -4.66 % |
| Downtown Manhattan Office | 19.42 | 2.11 | 21.53 | 16.05 % | -0.32 % |
| Total Manhattan Office | 58.51 | 11.04 | 69.55 | % | -1.86 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 31.64 million RSF to 31.09 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.15 million RSF to 3.78 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 35.8 million RSF to 34.87 million RSF
- Total Midtown Office vacancy decreased from 21.32 million RSF to 20.8 million RSF
- Total Midtown South Office vacancy decreased from 6.4 million RSF to 6.12 million RSF
- Total Downtown Office vacancy decreased from 8.08 million RSF to 7.96 million RSF
