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June 2015 » 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 | 12.81 | 1.64 | 14.45 | 8.5 % | 3.43 % |
| Midtown South Manhattan Office Class A | 0.3 | 0.01 | 0.31 | 2.7 % | -12.34 % |
| Downtown Manhattan Office Class A | 7.63 | 0.39 | 8.02 | 12.5 % | -0.04 % |
| Total Manhattan Office Class A | 20.75 | 2.04 | 22.78 | 9.3 % | 1.99 % |
| 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 | 23.76 | 4.19 | 27.95 | 11.69 % | 3.43 % |
| Midtown South Manhattan Office Class A | 0.46 | 0.11 | 0.57 | 3.69 % abc | -12.34 % |
| Downtown Manhattan Office Class A | 12.35 | 1.16 | 13.51 | 15.08 % | -1.55 % |
| Total Manhattan Office Class A | 36.58 | 5.45 | 42.02 | % | 3.71 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.33 million RSF to 22.78 million RSF
- Total Manhattan Office Market vacancies increased from 32.11 million RSF to 32.42 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 16.12 | 2.03 | 18.15 | 7.5 % | 1.05 % |
| Midtown South Manhattan Office | 4.14 | 0.29 | 4.43 | 5.8 % | -1.02 % |
| Downtown Manhattan Office | 9.34 | 0.5 | 9.84 | 10.4 % | 1.63 % |
| Total Manhattan Office | 29.59 | 2.83 | 32.42 | 7.9 % | 0.94 % |
| 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 | 30.64 | 5.51 | 36.15 | 10.63 % | 1.05 % |
| Midtown South Manhattan Office | 7.91 | 1.17 | 9.07 | 8.58 % abc | -1.02 % |
| Downtown Manhattan Office | 14.95 | 1.42 | 16.38 | 12.66 % | -0.69 % |
| Total Manhattan Office | 53.5 | 8.1 | 61.6 | % | 3.22 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 29.2 million RSF to 29.59 million RSF.
- Manhattan Office Sublease vacancy decreased from 2.91 million RSF to 2.83 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 32.11 million RSF to 32.42 million RSF.
- Total Midtown Office vacancy increased from 17.96 million RSF to 18.15 million RSF.
- Total Midtown South Office vacancy decreased from 4.47 million RSF to 4.43 million RSF
- Total Downtown Office vacancy increased from 9.68 million RSF to 9.84 million RSF.
