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January 2013 » 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 | 12.48 | 3.21 | 15.69 | 9.1 % | 0.33 % |
| Midtown South Manhattan Office Class A | 0.35 | 0.0 | 0.35 | 7.8 % | -77.43 % |
| Downtown Manhattan Office Class A | 4.47 | 0.41 | 4.88 | 7.8 % | 11.43 % |
| Total Manhattan Office Class A | 17.3 | 3.62 | 20.92 | 8.7 % | 1.62 % |
| 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 | 21.8 | 6.57 | 28.37 | 12.55 % | 0.33 % |
| Midtown South Manhattan Office Class A | 1.21 | 0.02 | 1.23 | 8.25 % abc | -77.43 % |
| Downtown Manhattan Office Class A | 15.34 | 1.11 | 16.45 | 18.68 % | -1.7 % |
| Total Manhattan Office Class A | 38.35 | 7.7 | 46.05 | % | -1.68 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 20.58 million RSF to 20.92 million RSF
- Total Manhattan Office Market vacancies increased from 31.82 million RSF to 32.32 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.11 | 3.62 | 20.73 | 8.1 % | 0.78 % |
| Midtown South Manhattan Office | 4.38 | 0.12 | 4.5 | 6.0 % | -4.73 % |
| Downtown Manhattan Office | 6.43 | 0.66 | 7.09 | 6.9 % | 7.85 % |
| Total Manhattan Office | 27.92 | 4.4 | 32.32 | 7.4 % | 1.56 % |
| 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 | 29.73 | 7.71 | 37.44 | 11.42 % | 0.78 % |
| Midtown South Manhattan Office | 8.2 | 0.93 | 9.13 | 8.73 % abc | -4.73 % |
| Downtown Manhattan Office | 18.98 | 1.61 | 20.59 | 15.53 % | -1.11 % |
| Total Manhattan Office | 56.91 | 10.24 | 67.15 | % | -0.98 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 27.3 million RSF to 27.92 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.51 million RSF to 4.4 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 31.82 million RSF to 32.32 million RSF.
- Total Midtown Office vacancy increased from 20.57 million RSF to 20.73 million RSF.
- Total Midtown South Office vacancy decreased from 4.72 million RSF to 4.5 million RSF
- Total Downtown Office vacancy increased from 6.53 million RSF to 7.09 million RSF.
