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June 2010 » 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 | 12.89 | 3.01 | 15.9 | 9.0 % | -3.71 % |
| Midtown South Manhattan Office Class A | 0.72 | 0.16 | 0.88 | 10.3 % | -28.96 % |
| Downtown Manhattan Office Class A | 4.71 | 1.26 | 5.97 | 9.1 % | 21.28 % |
| Total Manhattan Office Class A | 18.32 | 4.44 | 22.76 | 9.1 % | 1.87 % |
| 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 | 20.85 | 8.69 | 29.53 | 13.31 % | -3.71 % |
| Midtown South Manhattan Office Class A | 1.48 | 0.37 | 1.85 | 12.35 % abc | -28.96 % |
| Downtown Manhattan Office Class A | 13.25 | 2.03 | 15.28 | 18.52 % | 7.08 % |
| Total Manhattan Office Class A | 35.57 | 11.09 | 46.66 | % | -1.22 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.34 million RSF to 22.76 million RSF
- Total Manhattan Office Market vacancies increased from 35.48 million RSF to 36.21 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.04 | 3.43 | 21.47 | 8.1 % | -1.95 % |
| Midtown South Manhattan Office | 5.67 | 0.81 | 6.48 | 7.8 % | -2.95 % |
| Downtown Manhattan Office | 6.81 | 1.46 | 8.27 | 8.4 % | 16.22 % |
| Total Manhattan Office | 30.52 | 5.7 | 36.21 | 8.1 % | 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 | 29.51 | 10.23 | 39.74 | 12.2 % | -1.95 % |
| Midtown South Manhattan Office | 9.72 | 2.02 | 11.74 | 11.18 % abc | -2.95 % |
| Downtown Manhattan Office | 17.59 | 2.66 | 20.25 | 16.91 % | 6.48 % |
| Total Manhattan Office | 56.83 | 14.9 | 71.73 | % | -0.93 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 29.82 million RSF to 30.52 million RSF.
- Manhattan Office Sublease vacancy increased from 5.66 million RSF to 5.7 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 35.48 million RSF to 36.21 million RSF.
- Total Midtown Office vacancy decreased from 21.89 million RSF to 21.47 million RSF
- Total Midtown South Office vacancy decreased from 6.67 million RSF to 6.48 million RSF
- Total Downtown Office vacancy increased from 6.93 million RSF to 8.27 million RSF.
