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November 2016 » 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 | 15.89 | 1.66 | 17.55 | 9.4 % | 0.64 % |
| Midtown South Manhattan Office Class A | 0.21 | 0.02 | 0.22 | 2.2 % | -11.16 % |
| Downtown Manhattan Office Class A | 6.78 | 0.57 | 7.35 | 10.0 % | -0.04 % |
| Total Manhattan Office Class A | 22.88 | 2.24 | 25.12 | 9.2 % | 0.34 % |
| 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 | 28.18 | 4.34 | 32.51 | 13.4 % | 0.64 % |
| Midtown South Manhattan Office Class A | 0.96 | 0.08 | 1.04 | 6.37 % abc | -11.16 % |
| Downtown Manhattan Office Class A | 10.97 | 1.21 | 12.18 | 13.83 % | 0.78 % |
| Total Manhattan Office Class A | 40.11 | 5.63 | 45.74 | % | 1.05 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 25.03 million RSF to 25.12 million RSF
- Total Manhattan Office Market vacancies increased from 38.66 million RSF to 39.02 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 21.01 | 2.39 | 23.4 | 8.7 % | 0.94 % |
| Midtown South Manhattan Office | 5.59 | 0.61 | 6.2 | 6.9 % | 1.66 % |
| Downtown Manhattan Office | 8.75 | 0.67 | 9.42 | 8.8 % | 0.33 % |
| Total Manhattan Office | 35.35 | 3.67 | 39.02 | 8.4 % | 0.91 % |
| 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 | 36.16 | 5.95 | 42.11 | 12.34 % | 0.94 % |
| Midtown South Manhattan Office | 8.76 | 1.88 | 10.64 | 10.03 % abc | 1.66 % |
| Downtown Manhattan Office | 13.87 | 1.43 | 15.3 | 12.12 % | 0.75 % |
| Total Manhattan Office | 58.78 | 9.27 | 68.05 | % | 2.12 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 34.99 million RSF to 35.35 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.67 million RSF to 3.67 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 38.66 million RSF to 39.02 million RSF.
- Total Midtown Office vacancy increased from 23.18 million RSF to 23.4 million RSF.
- Total Midtown South Office vacancy increased from 6.1 million RSF to 6.2 million RSF.
- Total Downtown Office vacancy increased from 9.38 million RSF to 9.42 million RSF.
