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September 2011 » 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 | 12.0 | 2.02 | 14.02 | 8.5 % | -6.5 % |
| Midtown South Manhattan Office Class A | 0.51 | 0.07 | 0.58 | 7.4 % | -0.52 % |
| Downtown Manhattan Office Class A | 4.99 | 0.39 | 5.38 | 9.7 % | 5.41 % |
| Total Manhattan Office Class A | 17.5 | 2.47 | 19.98 | 8.7 % | -3.12 % |
| 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 | 19.49 | 6.21 | 25.7 | 11.39 % | -6.5 % |
| Midtown South Manhattan Office Class A | 1.46 | 0.07 | 1.53 | 10.26 % abc | -0.52 % |
| Downtown Manhattan Office Class A | 16.3 | 1.07 | 17.36 | 19.46 % | 1.99 % |
| Total Manhattan Office Class A | 37.24 | 7.35 | 44.59 | % | -0.38 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 20.6 million RSF to 19.98 million RSF.
- Total Manhattan Office Market vacancies decreased from 33.67 million RSF to 32.69 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 16.96 | 2.27 | 19.24 | 7.7 % | -5.34 % |
| Midtown South Manhattan Office | 4.97 | 0.4 | 5.37 | 6.7 % | -4.44 % |
| Downtown Manhattan Office | 7.54 | 0.54 | 8.08 | 8.6 % | 3.48 % |
| Total Manhattan Office | 29.47 | 3.22 | 32.69 | 7.7 % | -3.01 % |
| 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 | 28.66 | 7.46 | 36.12 | 11.05 % | -5.34 % |
| Midtown South Manhattan Office | 8.23 | 0.93 | 9.16 | 8.85 % abc | -4.44 % |
| Downtown Manhattan Office | 20.67 | 1.68 | 22.34 | 16.67 % | 1.04 % |
| Total Manhattan Office | 57.56 | 10.06 | 67.62 | % | -0.85 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 30.41 million RSF to 29.47 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.27 million RSF to 3.22 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 33.67 million RSF to 32.69 million RSF
- Total Midtown Office vacancy decreased from 20.27 million RSF to 19.24 million RSF
- Total Midtown South Office vacancy decreased from 5.6 million RSF to 5.37 million RSF
- Total Downtown Office vacancy increased from 7.8 million RSF to 8.08 million RSF.
