New York City office
and retail Market Research
and retail Market Research
November 2007 » 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
- October 2007 New York Retail Leases
- September 2007 New York Retail Leases
- August 2007 New York Retail Leases
- July 2007 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 | 6.53 | 1.38 | 7.91 | 5.3 % | 3.21 % |
| Midtown South Manhattan Office Class A | 0.06 | 0.02 | 0.08 | 9.2 % | 4.82 % |
| Downtown Manhattan Office Class A | 2.79 | 0.56 | 3.36 | 6.0 % | -2.74 % |
| Total Manhattan Office Class A | 9.38 | 1.97 | 11.35 | 5.6 % | 1.46 % |
| 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 | 14.86 | 4.11 | 18.97 | 8.69 % | 3.21 % |
| Midtown South Manhattan Office Class A | 1.35 | 0.04 | 1.39 | 9.44 % abc | 4.82 % |
| Downtown Manhattan Office Class A | 3.89 | 1.03 | 4.91 | 6.87 % | -2.08 % |
| Total Manhattan Office Class A | 20.1 | 5.17 | 25.27 | % | 10.61 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 11.19 million RSF to 11.35 million RSF
- Total Manhattan Office Market vacancies increased from 20.08 million RSF to 21.16 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 9.54 | 1.83 | 11.37 | 4.9 % | 0.79 % |
| Midtown South Manhattan Office | 3.71 | 0.38 | 4.09 | 6.3 % | 25.63 % |
| Downtown Manhattan Office | 4.91 | 0.79 | 5.7 | 6.8 % | -1.07 % |
| Total Manhattan Office | 18.16 | 3.0 | 21.16 | 5.6 % | 5.09 % |
| 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 | 20.12 | 5.1 | 25.22 | 7.96 % | 0.79 % |
| Midtown South Manhattan Office | 7.0 | 0.92 | 7.91 | 8.08 % abc | 25.63 % |
| Downtown Manhattan Office | 7.35 | 1.41 | 8.76 | 8.03 % | -1.02 % |
| Total Manhattan Office | 34.47 | 7.42 | 41.89 | % | 4.22 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 17.29 million RSF to 18.16 million RSF.
- Manhattan Office Sublease vacancy increased from 2.8 million RSF to 3.0 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 20.08 million RSF to 21.16 million RSF.
- Total Midtown Office vacancy increased from 11.28 million RSF to 11.37 million RSF.
- Total Midtown South Office vacancy increased from 3.04 million RSF to 4.09 million RSF.
- Total Downtown Office vacancy decreased from 5.76 million RSF to 5.7 million RSF
