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April 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 | 13.5 | 3.39 | 16.89 | 9.2 % | 0.31 % |
| Midtown South Manhattan Office Class A | 0.95 | 0.06 | 1.01 | 9.6 % | -3.86 % |
| Downtown Manhattan Office Class A | 3.7 | 1.24 | 4.93 | 7.5 % | 2.68 % |
| Total Manhattan Office Class A | 18.15 | 4.69 | 22.84 | 8.8 % | 0.63 % |
| 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 | 22.44 | 8.86 | 31.3 | 14.03 % | 0.31 % |
| Midtown South Manhattan Office Class A | 1.69 | 0.36 | 2.05 | 13.63 % abc | -3.86 % |
| Downtown Manhattan Office Class A | 15.12 | 2.1 | 17.22 | 20.14 % | 10.54 % |
| Total Manhattan Office Class A | 39.25 | 11.32 | 50.57 | % | 3.46 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.69 million RSF to 22.84 million RSF
- Total Manhattan Office Market vacancies increased from 36.22 million RSF to 36.32 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.57 | 3.87 | 22.44 | 8.3 % | -0.19 % |
| Midtown South Manhattan Office | 5.93 | 0.68 | 6.61 | 7.6 % | -1.62 % |
| Downtown Manhattan Office | 5.85 | 1.42 | 7.27 | 7.4 % | 3.44 % |
| Total Manhattan Office | 30.35 | 5.97 | 36.32 | 8.0 % | 0.28 % |
| 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 | 31.31 | 10.5 | 41.81 | 12.77 % | -0.19 % |
| Midtown South Manhattan Office | 10.12 | 1.98 | 12.1 | 11.5 % abc | -1.62 % |
| Downtown Manhattan Office | 19.4 | 2.55 | 21.95 | 17.86 % | 8.35 % |
| Total Manhattan Office | 60.83 | 15.02 | 75.86 | % | 1.69 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 30.17 million RSF to 30.35 million RSF.
- Manhattan Office Sublease vacancy decreased from 6.05 million RSF to 5.97 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 36.22 million RSF to 36.32 million RSF.
- Total Midtown Office vacancy decreased from 22.48 million RSF to 22.44 million RSF
- Total Midtown South Office vacancy decreased from 6.71 million RSF to 6.61 million RSF
- Total Downtown Office vacancy increased from 7.02 million RSF to 7.27 million RSF.
