New York City office
and retail Market Research
and retail Market Research
January 2016 » 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
- December 2015 New York Retail Leases
- November 2015 New York Retail Leases
- October 2015 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 | 13.2 | 1.88 | 15.08 | 8.5 % | -1.25 % |
| Midtown South Manhattan Office Class A | 0.14 | 0.06 | 0.19 | 1.4 % | -11.86 % |
| Downtown Manhattan Office Class A | 7.74 | 0.29 | 8.03 | 11.0 % | 4.14 % |
| Total Manhattan Office Class A | 21.08 | 2.23 | 23.31 | 8.8 % | 0.52 % |
| 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 | 25.49 | 3.92 | 29.41 | 12.17 % | -1.25 % |
| Midtown South Manhattan Office Class A | 0.28 | 0.11 | 0.38 | 2.49 % abc | -11.86 % |
| Downtown Manhattan Office Class A | 10.81 | 1.28 | 12.09 | 13.69 % | -1.43 % |
| Total Manhattan Office Class A | 36.57 | 5.31 | 41.88 | % | 0.96 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 23.19 million RSF to 23.31 million RSF
- Total Manhattan Office Market vacancies increased from 33.8 million RSF to 34.78 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.4 | 2.4 | 19.81 | 7.7 % | 0.49 % |
| Midtown South Manhattan Office | 4.59 | 0.41 | 5.0 | 6.0 % | 4.68 % |
| Downtown Manhattan Office | 9.56 | 0.42 | 9.98 | 9.3 % | 6.5 % |
| Total Manhattan Office | 31.55 | 3.24 | 34.78 | 7.7 % | 2.82 % |
| 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 | 32.22 | 5.17 | 37.39 | 11.02 % | 0.49 % |
| Midtown South Manhattan Office | 7.1 | 1.03 | 8.13 | 7.83 % abc | 4.68 % |
| Downtown Manhattan Office | 13.76 | 1.54 | 15.3 | 12.03 % | 0.95 % |
| Total Manhattan Office | 53.08 | 7.74 | 60.82 | % | -0.3 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 30.7 million RSF to 31.55 million RSF.
- Manhattan Office Sublease vacancy increased from 3.11 million RSF to 3.24 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 33.8 million RSF to 34.78 million RSF.
- Total Midtown Office vacancy increased from 19.71 million RSF to 19.81 million RSF.
- Total Midtown South Office vacancy increased from 4.76 million RSF to 5.0 million RSF.
- Total Downtown Office vacancy increased from 9.33 million RSF to 9.98 million RSF.
