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November 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 | 14.08 | 2.22 | 16.3 | 9.4 % | -5.98 % |
| Midtown South Manhattan Office Class A | 0.88 | 0.13 | 1.0 | 1.14 % | -5.07 % |
| Downtown Manhattan Office Class A | 4.53 | 1.25 | 5.78 | 8.7 % | -0.69 % |
| Total Manhattan Office Class A | 19.49 | 3.6 | 23.09 | 9.3 % | -4.62 % |
| 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 | 21.94 | 7.17 | 29.11 | 13.11 % | -5.98 % |
| Midtown South Manhattan Office Class A | 1.98 | 0.35 | 2.33 | 14.88 % abc | -5.07 % |
| Downtown Manhattan Office Class A | 15.02 | 1.88 | 16.9 | 20.06 % | -0.66 % |
| Total Manhattan Office Class A | 38.94 | 9.4 | 48.33 | % | -0.82 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 24.15 million RSF to 23.09 million RSF.
- Total Manhattan Office Market vacancies decreased from 37.07 million RSF to 36.38 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 19.08 | 2.45 | 21.53 | 8.4 % | -2.93 % |
| Midtown South Manhattan Office | 5.88 | 0.68 | 6.56 | 7.8 % | -1.17 % |
| Downtown Manhattan Office | 6.89 | 1.4 | 8.29 | 8.2 % | 0.11 % |
| Total Manhattan Office | 31.85 | 4.52 | 36.38 | 8.2 % | -1.92 % |
| 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 | 30.56 | 8.36 | 38.92 | 12.02 % | -2.93 % |
| Midtown South Manhattan Office | 10.02 | 1.59 | 11.61 | 11.0 % abc | -1.17 % |
| Downtown Manhattan Office | 19.62 | 2.28 | 21.9 | 17.83 % | 0.5 % |
| Total Manhattan Office | 60.2 | 12.24 | 72.44 | % | -0.29 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 32.22 million RSF to 31.85 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.86 million RSF to 4.52 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 37.07 million RSF to 36.38 million RSF
- Total Midtown Office vacancy decreased from 22.16 million RSF to 21.53 million RSF
- Total Midtown South Office vacancy decreased from 6.63 million RSF to 6.56 million RSF
- Total Downtown Office vacancy increased from 8.28 million RSF to 8.29 million RSF.
