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September 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 | 12.84 | 1.56 | 14.4 | 8.7 % | 0.3 % |
| Midtown South Manhattan Office Class A | 0.26 | 0.09 | 0.35 | 2.8 % | -2.88 % |
| Downtown Manhattan Office Class A | 7.49 | 0.34 | 7.83 | 12.0 % | 0.49 % |
| Total Manhattan Office Class A | 20.58 | 1.99 | 22.57 | 9.3 % | 0.31 % |
| 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 | 23.52 | 3.84 | 27.35 | 11.5 % | 0.3 % |
| Midtown South Manhattan Office Class A | 0.4 | 0.22 | 0.62 | 3.98 % abc | -2.88 % |
| Downtown Manhattan Office Class A | 11.84 | 1.11 | 12.95 | 14.45 % | -1.05 % |
| Total Manhattan Office Class A | 35.75 | 5.16 | 40.91 | % | -1.1 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.5 million RSF to 22.57 million RSF
- Total Manhattan Office Market vacancies increased from 32.76 million RSF to 32.8 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 16.43 | 2.0 | 18.43 | 7.6 % | -0.12 % |
| Midtown South Manhattan Office | 4.44 | 0.39 | 4.83 | 6.2 % | 3.17 % |
| Downtown Manhattan Office | 9.07 | 0.46 | 9.53 | 10.1 % | -1.03 % |
| Total Manhattan Office | 29.94 | 2.86 | 32.8 | 7.9 % | 0.1 % |
| 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 | 30.27 | 5.13 | 35.4 | 10.47 % | -0.12 % |
| Midtown South Manhattan Office | 7.64 | 1.17 | 8.81 | 8.4 % abc | 3.17 % |
| Downtown Manhattan Office | 14.28 | 1.37 | 15.65 | 12.15 % | -1.76 % |
| Total Manhattan Office | 52.19 | 7.67 | 59.86 | % | -1.55 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 29.8 million RSF to 29.94 million RSF.
- Manhattan Office Sublease vacancy decreased from 2.97 million RSF to 2.86 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 32.76 million RSF to 32.8 million RSF.
- Total Midtown Office vacancy decreased from 18.45 million RSF to 18.43 million RSF
- Total Midtown South Office vacancy increased from 4.68 million RSF to 4.83 million RSF.
- Total Downtown Office vacancy decreased from 9.63 million RSF to 9.53 million RSF
