New York City office
and retail Market Research
and retail Market Research
July 2017 » 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
- June 2017 New York Retail Leases
- May 2017 New York Retail Leases
- April 2017 New York Retail Leases
- March 2017 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 | 15.2 | 2.27 | 17.46 | 9.5 % | -4.12 % |
| Midtown South Manhattan Office Class A | 0.44 | 0.07 | 0.51 | 4.6 % | -11.57 % |
| Downtown Manhattan Office Class A | 5.93 | 0.52 | 6.45 | 9.9 % | -2.15 % |
| Total Manhattan Office Class A | 21.57 | 2.86 | 24.42 | 9.4 % | -3.76 % |
| 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 | 26.67 | 5.18 | 31.85 | 13.14 % | -4.12 % |
| Midtown South Manhattan Office Class A | 1.08 | 0.43 | 1.51 | 8.58 % abc | -11.57 % |
| Downtown Manhattan Office Class A | 10.78 | 1.52 | 12.3 | 13.84 % | -1.4 % |
| Total Manhattan Office Class A | 38.53 | 7.13 | 45.66 | % | -2.61 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 25.34 million RSF to 24.42 million RSF.
- Total Manhattan Office Market vacancies decreased from 38.49 million RSF to 37.33 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 19.99 | 3.1 | 23.09 | 8.7 % | -3.87 % |
| Midtown South Manhattan Office | 5.29 | 0.84 | 6.13 | 7.0 % | -2.5 % |
| Downtown Manhattan Office | 7.46 | 0.65 | 8.11 | 8.6 % | -1.37 % |
| Total Manhattan Office | 32.74 | 4.59 | 37.33 | 8.4 % | -3.1 % |
| 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 | 35.06 | 6.9 | 41.96 | 12.26 % | -3.87 % |
| Midtown South Manhattan Office | 8.57 | 2.41 | 10.98 | 10.25 % abc | -2.5 % |
| Downtown Manhattan Office | 13.31 | 1.75 | 15.06 | 11.87 % | -0.67 % |
| Total Manhattan Office | 56.94 | 11.06 | 68.0 | % | -1.28 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 34.05 million RSF to 32.74 million RSF.
- Manhattan Office Sublease vacancy increased from 4.44 million RSF to 4.59 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 38.49 million RSF to 37.33 million RSF
- Total Midtown Office vacancy decreased from 23.99 million RSF to 23.09 million RSF
- Total Midtown South Office vacancy decreased from 6.28 million RSF to 6.13 million RSF
- Total Downtown Office vacancy decreased from 8.22 million RSF to 8.11 million RSF
