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July 2007 » 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 | 6.26 | 1.42 | 7.67 | 4.6 % | -4.24 % |
| Midtown South Manhattan Office Class A | 0.04 | 0.01 | 0.05 | 7.0 % | 22.64 % |
| Downtown Manhattan Office Class A | 3.66 | 0.42 | 4.08 | 7.7 % | -3.09 % |
| Total Manhattan Office Class A | 9.95 | 1.85 | 11.8 | 5.4 % | -3.72 % |
| 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 | 13.21 | 4.12 | 17.33 | 8.08 % | -4.24 % |
| Midtown South Manhattan Office Class A | 1.04 | 0.04 | 1.08 | 7.39 % abc | 22.64 % |
| Downtown Manhattan Office Class A | 5.08 | 1.17 | 6.25 | 8.76 % | 0.14 % |
| Total Manhattan Office Class A | 19.33 | 5.33 | 24.66 | % | 7.49 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 12.24 million RSF to 11.8 million RSF.
- Total Manhattan Office Market vacancies decreased from 20.92 million RSF to 20.51 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 9.25 | 1.83 | 11.07 | 4.4 % | -2.19 % |
| Midtown South Manhattan Office | 2.79 | 0.29 | 3.08 | 4.9 % | -1.49 % |
| Downtown Manhattan Office | 5.64 | 0.71 | 6.35 | 7.9 % | -1.98 % |
| Total Manhattan Office | 17.68 | 2.83 | 20.51 | 5.3 % | -2.02 % |
| 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 | 18.99 | 5.21 | 24.2 | 7.76 % | -2.19 % |
| Midtown South Manhattan Office | 6.75 | 0.82 | 7.58 | 7.71 % abc | -1.49 % |
| Downtown Manhattan Office | 8.29 | 1.64 | 9.93 | 9.15 % | -0.03 % |
| Total Manhattan Office | 34.03 | 7.67 | 41.7 | % | 7.74 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 17.96 million RSF to 17.68 million RSF.
- Manhattan Office Sublease vacancy decreased from 2.97 million RSF to 2.83 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 20.92 million RSF to 20.51 million RSF
- Total Midtown Office vacancy decreased from 11.32 million RSF to 11.07 million RSF
- Total Midtown South Office vacancy decreased from 3.13 million RSF to 3.08 million RSF
- Total Downtown Office vacancy decreased from 6.48 million RSF to 6.35 million RSF
