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September 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 | 14.01 | 2.88 | 16.89 | 9.7 % | -0.08 % |
| Midtown South Manhattan Office Class A | 0.73 | 0.17 | 0.9 | 1.03 % | 1.56 % |
| Downtown Manhattan Office Class A | 4.61 | 1.25 | 5.86 | 8.8 % | -3.07 % |
| Total Manhattan Office Class A | 19.35 | 4.3 | 23.65 | 9.5 % | -0.76 % |
| 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 | 21.04 | 8.34 | 29.38 | 13.27 % | -0.08 % |
| Midtown South Manhattan Office Class A | 2.03 | 0.36 | 2.39 | 15.44 % abc | 1.56 % |
| Downtown Manhattan Office Class A | 14.86 | 1.94 | 16.8 | 20.02 % | 5.24 % |
| Total Manhattan Office Class A | 37.93 | 10.64 | 48.57 | % | 2.05 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 23.83 million RSF to 23.65 million RSF.
- Total Manhattan Office Market vacancies increased from 37.31 million RSF to 37.46 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 | 3.16 | 22.24 | 8.6 % | -0.54 % |
| Midtown South Manhattan Office | 5.7 | 0.83 | 6.53 | 7.6 % | -0.46 % |
| Downtown Manhattan Office | 7.25 | 1.43 | 8.69 | 8.7 % | 3.45 % |
| Total Manhattan Office | 32.04 | 5.42 | 37.46 | 8.5 % | 0.4 % |
| 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 | 29.86 | 9.59 | 39.45 | 12.19 % | -0.54 % |
| Midtown South Manhattan Office | 9.96 | 1.67 | 11.63 | 11.05 % abc | -0.46 % |
| Downtown Manhattan Office | 19.27 | 2.37 | 21.64 | 17.89 % | 3.07 % |
| Total Manhattan Office | 59.09 | 13.63 | 72.72 | % | 0.47 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 31.8 million RSF to 32.04 million RSF.
- Manhattan Office Sublease vacancy decreased from 5.5 million RSF to 5.42 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 37.31 million RSF to 37.46 million RSF.
- Total Midtown Office vacancy decreased from 22.36 million RSF to 22.24 million RSF
- Total Midtown South Office vacancy decreased from 6.56 million RSF to 6.53 million RSF
- Total Downtown Office vacancy increased from 8.38 million RSF to 8.69 million RSF.
