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July 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 | 13.12 | 2.53 | 15.65 | 8.7 % | -2.17 % |
| Midtown South Manhattan Office Class A | 0.62 | 0.02 | 0.63 | 7.6 % | 8.83 % |
| Downtown Manhattan Office Class A | 4.66 | 0.57 | 5.23 | 7.8 % | -1.59 % |
| Total Manhattan Office Class A | 18.4 | 3.12 | 21.52 | 8.5 % | -1.71 % |
| 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 | 23.18 | 5.88 | 29.06 | 12.71 % | -2.17 % |
| Midtown South Manhattan Office Class A | 1.15 | 0.02 | 1.17 | 7.99 % abc | 8.83 % |
| Downtown Manhattan Office Class A | 15.38 | 1.43 | 16.81 | 19.08 % | 0.33 % |
| Total Manhattan Office Class A | 39.71 | 7.33 | 47.04 | % | -0.07 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 21.88 million RSF to 21.51 million RSF.
- Total Manhattan Office Market vacancies decreased from 34.09 million RSF to 33.09 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.56 | 2.97 | 20.53 | 7.8 % | -2.56 % |
| Midtown South Manhattan Office | 5.09 | 0.21 | 5.3 | 6.3 % | -4.6 % |
| Downtown Manhattan Office | 6.53 | 0.73 | 7.26 | 6.9 % | -3.11 % |
| Total Manhattan Office | 29.18 | 3.91 | 33.09 | 7.3 % | -3.01 % |
| 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 | 30.65 | 6.97 | 37.61 | 11.41 % | -2.56 % |
| Midtown South Manhattan Office | 8.54 | 1.0 | 9.54 | 9.1 % abc | -4.6 % |
| Downtown Manhattan Office | 18.93 | 1.94 | 20.86 | 15.66 % | -0.22 % |
| Total Manhattan Office | 58.12 | 9.9 | 68.02 | % | -0.97 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 29.63 million RSF to 29.18 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.46 million RSF to 3.91 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 34.09 million RSF to 33.09 million RSF
- Total Midtown Office vacancy decreased from 21.05 million RSF to 20.53 million RSF
- Total Midtown South Office vacancy decreased from 5.54 million RSF to 5.3 million RSF
- Total Downtown Office vacancy decreased from 7.49 million RSF to 7.26 million RSF
