New York City office
and retail Market Research
and retail Market Research
September 2016 » Market Analysis » New York Office Report
Market Analysis
- Market Report
- NY New Developments
- NYC Buildings For Sale
- New York Market Data
- New York Office Leases
- New York Retail Leases
- August 2016 New York Retail Leases
- July 2016 New York Retail Leases
- June 2016 New York Retail Leases
- May 2016 New York Retail Leases
- More Reports...
- Market Research Archive
NYC Real Estate Statistics
Subscribe to Newsletter
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 | 15.53 | 1.68 | 17.21 | 9.3 % | 5.28 % |
| Midtown South Manhattan Office Class A | 0.14 | 0.04 | 0.19 | 2.2 % | -0.53 % |
| Downtown Manhattan Office Class A | 6.92 | 0.39 | 7.31 | 9.8 % | 2.23 % |
| Total Manhattan Office Class A | 22.59 | 2.12 | 24.7 | 9.1 % | 4.34 % |
| 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 | 27.93 | 3.68 | 31.61 | 13.06 % | 5.28 % |
| Midtown South Manhattan Office Class A | 0.9 | 0.11 | 1.01 | 6.19 % abc | -0.53 % |
| Downtown Manhattan Office Class A | 10.69 | 1.23 | 11.92 | 13.57 % | 0.35 % |
| Total Manhattan Office Class A | 39.52 | 5.02 | 44.54 | % | 0.88 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 23.63 million RSF to 24.7 million RSF
- Total Manhattan Office Market vacancies increased from 36.6 million RSF to 38.02 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 20.69 | 2.21 | 22.9 | 8.5 % | 4.14 % |
| Midtown South Manhattan Office | 5.23 | 0.61 | 5.84 | 6.8 % | 4.4 % |
| Downtown Manhattan Office | 8.73 | 0.54 | 9.28 | 8.5 % | 2.34 % |
| Total Manhattan Office | 34.65 | 3.37 | 38.02 | 8.2 % | 3.74 % |
| 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 | 35.38 | 5.06 | 40.44 | 11.91 % | 4.14 % |
| Midtown South Manhattan Office | 8.07 | 1.4 | 9.47 | 9.01 % abc | 4.4 % |
| Downtown Manhattan Office | 13.44 | 1.49 | 14.93 | 11.85 % | 0.31 % |
| Total Manhattan Office | 56.9 | 7.94 | 64.84 | % | 0.15 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 33.22 million RSF to 34.65 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.38 million RSF to 3.37 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 36.6 million RSF to 38.02 million RSF.
- Total Midtown Office vacancy increased from 21.95 million RSF to 22.9 million RSF.
- Total Midtown South Office vacancy increased from 5.58 million RSF to 5.84 million RSF.
- Total Downtown Office vacancy increased from 9.06 million RSF to 9.28 million RSF.
