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November 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 | 12.29 | 3.08 | 15.37 | 9.4 % | -3.63 % |
| Midtown South Manhattan Office Class A | 0.67 | 0.0 | 0.67 | 9.2 % | -3.59 % |
| Downtown Manhattan Office Class A | 3.75 | 0.46 | 4.22 | 7.7 % | -26.12 % |
| Total Manhattan Office Class A | 16.72 | 3.54 | 20.26 | 8.9 % | -8.31 % |
| 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 | 21.75 | 6.53 | 28.28 | 12.51 % | -3.63 % |
| Midtown South Manhattan Office Class A | 1.51 | 0.04 | 1.54 | 10.17 % abc | -3.59 % |
| Downtown Manhattan Office Class A | 15.51 | 1.29 | 16.81 | 18.86 % | -2.01 % |
| Total Manhattan Office Class A | 38.77 | 7.86 | 46.63 | % | 0.0 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 21.94 million RSF to 20.26 million RSF.
- Total Manhattan Office Market vacancies decreased from 33.3 million RSF to 31.23 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 16.81 | 3.46 | 20.27 | 8.3 % | -4.04 % |
| Midtown South Manhattan Office | 4.39 | 0.22 | 4.61 | 6.1 % | -2.56 % |
| Downtown Manhattan Office | 5.65 | 0.71 | 6.36 | 7.1 % | -17.83 % |
| Total Manhattan Office | 26.85 | 4.39 | 31.23 | 7.6 % | -6.63 % |
| 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 | 30.1 | 7.84 | 37.94 | 11.51 % | -4.04 % |
| Midtown South Manhattan Office | 7.93 | 1.05 | 8.98 | 8.59 % abc | -2.56 % |
| Downtown Manhattan Office | 19.05 | 1.81 | 20.86 | 15.56 % | -1.69 % |
| Total Manhattan Office | 57.08 | 10.7 | 67.79 | % | -0.63 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 28.88 million RSF to 26.85 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.42 million RSF to 4.39 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 33.3 million RSF to 31.23 million RSF
- Total Midtown Office vacancy decreased from 21.09 million RSF to 20.27 million RSF
- Total Midtown South Office vacancy decreased from 4.72 million RSF to 4.61 million RSF
- Total Downtown Office vacancy decreased from 7.5 million RSF to 6.36 million RSF
