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October 2010 » Market Analysis » New York Office Report

September 2010

October 2010 New York Real Estate Graphs and Statistics

Page 7

November 2010

October 7, 2010

NYC Office Space Graphs and Statistics

	Direct	Sublease	Total	% Vacant	% Monthly Change
NEW YORK CLASS A OFFICE VACANT SPACE (In Millions of Rentable Square Feet)
Midtown Manhattan Office Class A	14.83	2.45	17.28	9.6 %	2.25 %
Midtown South Manhattan Office Class A	0.89	0.17	1.06	1.16 %	15.25 %
Downtown Manhattan Office Class A	4.61	1.21	5.82	8.7 %	-0.72 %
Total Manhattan Office Class A	20.33	3.83	24.15	9.5 %	2.1 %
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	21.8	7.6	29.4	13.3 %	2.25 %
Midtown South Manhattan Office Class A	1.97	0.35	2.32	14.9 % abc	15.25 %
Downtown Manhattan Office Class A	15.08	1.93	17.01	20.32 %	1.24 %
Total Manhattan Office Class A	38.85	9.88	48.73	%	0.34 %

Manhattan Class A Office Vacancies

Total Manhattan Office Class A vacancies increased from 23.65 million RSF to 24.15 million RSF
Total Manhattan Office Market vacancies decreased from 37.46 million RSF to 37.07 million RSF.

	Direct	Sublease	Total	% Vacant	% Monthly Change
NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet)
Midtown Manhattan Office	19.44	2.72	22.16	8.5 %	-0.37 %
Midtown South Manhattan Office	5.87	0.76	6.63	7.8 %	1.51 %
Downtown Manhattan Office	6.9	1.38	8.28	8.3 %	-4.88 %
Total Manhattan Office	32.22	4.86	37.07	8.3 %	-1.04 %
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	30.52	8.88	39.4	12.17 %	-0.37 %
Midtown South Manhattan Office	9.88	1.58	11.46	10.88 % abc	1.51 %
Downtown Manhattan Office	19.47	2.32	21.79	17.92 %	0.67 %
Total Manhattan Office	59.87	12.78	72.65	%	-0.1 %

Manhattan Office Vacancy Market

Total Manhattan Office direct lease vacancy increased from 32.04 million RSF to 32.22 million RSF.
Manhattan Office Sublease vacancy decreased from 5.42 million RSF to 4.86 million RSF.

Manhattan Office Rent Vacancy by Area

Total Manhattan Office Market vacancy decreased from 37.46 million RSF to 37.07 million RSF
Total Midtown Office vacancy decreased from 22.24 million RSF to 22.16 million RSF
Total Midtown South Office vacancy increased from 6.53 million RSF to 6.63 million RSF.
Total Downtown Office vacancy decreased from 8.69 million RSF to 8.28 million RSF

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