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January 2017 » 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 | 15.5 | 1.65 | 17.15 | 9.3 % | -1.77 % |
| Midtown South Manhattan Office Class A | 0.28 | 0.02 | 0.3 | 2.4 % | 23.75 % |
| Downtown Manhattan Office Class A | 6.94 | 0.41 | 7.36 | 9.7 % | -1.5 % |
| Total Manhattan Office Class A | 22.72 | 2.08 | 24.81 | 9.1 % | -1.38 % |
| 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 | 27.14 | 4.21 | 31.35 | 12.96 % | -1.77 % |
| Midtown South Manhattan Office Class A | 1.01 | 0.13 | 1.13 | 6.93 % abc | 23.75 % |
| Downtown Manhattan Office Class A | 11.06 | 1.09 | 12.15 | 13.89 % | -1.33 % |
| Total Manhattan Office Class A | 39.2 | 5.43 | 44.63 | % | -2.52 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 25.15 million RSF to 24.81 million RSF.
- Total Manhattan Office Market vacancies increased from 38.99 million RSF to 39.0 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 20.62 | 2.42 | 23.04 | 8.6 % | -0.69 % |
| Midtown South Manhattan Office | 5.8 | 0.54 | 6.34 | 7.0 % | 3.04 % |
| Downtown Manhattan Office | 9.09 | 0.53 | 9.62 | 8.7 % | -0.3 % |
| Total Manhattan Office | 35.51 | 3.49 | 39.0 | 8.3 % | 0.02 % |
| 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 | 35.18 | 5.94 | 41.12 | 12.07 % | -0.69 % |
| Midtown South Manhattan Office | 8.59 | 1.72 | 10.31 | 9.77 % abc | 3.04 % |
| Downtown Manhattan Office | 14.15 | 1.35 | 15.5 | 12.32 % | -0.62 % |
| Total Manhattan Office | 57.92 | 9.01 | 66.93 | % | -1.63 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 35.31 million RSF to 35.51 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.68 million RSF to 3.49 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 38.99 million RSF to 39.0 million RSF.
- Total Midtown Office vacancy decreased from 23.2 million RSF to 23.04 million RSF
- Total Midtown South Office vacancy increased from 6.15 million RSF to 6.34 million RSF.
- Total Downtown Office vacancy decreased from 9.65 million RSF to 9.62 million RSF
