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June 2012 » 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 | 12.37 | 2.46 | 14.83 | 8.2 % | 0.92 % |
| Midtown South Manhattan Office Class A | 0.45 | 0.02 | 0.47 | 8.5 % | -1.28 % |
| Downtown Manhattan Office Class A | 4.09 | 0.41 | 4.5 | 8.1 % | 1.62 % |
| Total Manhattan Office Class A | 16.91 | 2.89 | 19.8 | 8.2 % | 1.03 % |
| 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 | 21.8 | 6.21 | 28.0 | 12.38 % | 0.92 % |
| Midtown South Manhattan Office Class A | 1.8 | 0.09 | 1.89 | 12.06 % abc | -1.28 % |
| Downtown Manhattan Office Class A | 15.55 | 1.3 | 16.86 | 18.83 % | 0.93 % |
| Total Manhattan Office Class A | 39.15 | 7.6 | 46.75 | % | -0.4 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 19.6 million RSF to 19.8 million RSF
- Total Manhattan Office Market vacancies decreased from 30.53 million RSF to 30.47 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.12 | 2.84 | 19.96 | 7.5 % | 0.45 % |
| Midtown South Manhattan Office | 3.57 | 0.29 | 3.86 | 5.3 % | -2.98 % |
| Downtown Manhattan Office | 5.88 | 0.77 | 6.65 | 7.5 % | -0.47 % |
| Total Manhattan Office | 26.57 | 3.9 | 30.47 | 7.1 % | -0.19 % |
| 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 | 30.33 | 7.53 | 37.86 | 11.48 % | 0.45 % |
| Midtown South Manhattan Office | 7.75 | 0.99 | 8.74 | 8.35 % abc | -2.98 % |
| Downtown Manhattan Office | 18.9 | 2.04 | 20.94 | 15.73 % | -0.1 % |
| Total Manhattan Office | 56.98 | 10.57 | 67.54 | % | -0.9 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 26.73 million RSF to 26.57 million RSF.
- Manhattan Office Sublease vacancy increased from 3.8 million RSF to 3.9 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 30.53 million RSF to 30.47 million RSF
- Total Midtown Office vacancy increased from 19.87 million RSF to 19.96 million RSF.
- Total Midtown South Office vacancy decreased from 3.97 million RSF to 3.86 million RSF
- Total Downtown Office vacancy decreased from 6.68 million RSF to 6.65 million RSF
