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November 2015 » 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 | 13.17 | 1.56 | 14.73 | 8.8 % | -0.45 % |
| Midtown South Manhattan Office Class A | 0.21 | 0.08 | 0.29 | 2.6 % | -6.87 % |
| Downtown Manhattan Office Class A | 7.54 | 0.31 | 7.85 | 11.8 % | 3.24 % |
| Total Manhattan Office Class A | 20.92 | 1.95 | 22.87 | 9.3 % | 0.73 % |
| 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 | 24.64 | 3.91 | 28.55 | 11.84 % | -0.45 % |
| Midtown South Manhattan Office Class A | 0.34 | 0.19 | 0.53 | 3.42 % abc | -6.87 % |
| Downtown Manhattan Office Class A | 11.76 | 1.2 | 12.96 | 14.5 % | 1.14 % |
| Total Manhattan Office Class A | 36.74 | 5.3 | 42.04 | % | 0.81 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.7 million RSF to 22.87 million RSF
- Total Manhattan Office Market vacancies decreased from 33.52 million RSF to 33.42 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.05 | 2.18 | 19.23 | 7.9 % | -0.96 % |
| Midtown South Manhattan Office | 4.21 | 0.4 | 4.61 | 5.8 % | -3.12 % |
| Downtown Manhattan Office | 9.14 | 0.43 | 9.58 | 10.0 % | 2.3 % |
| Total Manhattan Office | 30.41 | 3.01 | 33.42 | 8.0 % | -0.33 % |
| 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 | 31.4 | 5.16 | 36.56 | 10.79 % | -0.96 % |
| Midtown South Manhattan Office | 7.5 | 1.21 | 8.71 | 8.32 % abc | -3.12 % |
| Downtown Manhattan Office | 14.49 | 1.43 | 15.92 | 12.41 % | 2.27 % |
| Total Manhattan Office | 53.4 | 7.79 | 61.19 | % | 0.7 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 30.4 million RSF to 30.41 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.12 million RSF to 3.01 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 33.52 million RSF to 33.42 million RSF
- Total Midtown Office vacancy decreased from 19.41 million RSF to 19.23 million RSF
- Total Midtown South Office vacancy decreased from 4.76 million RSF to 4.61 million RSF
- Total Downtown Office vacancy increased from 9.36 million RSF to 9.58 million RSF.
