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April 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 | 13.14 | 2.0 | 15.14 | 9.0 % | 0.44 % |
| Midtown South Manhattan Office Class A | 0.37 | 0.02 | 0.39 | 3.4 % | -12.37 % |
| Downtown Manhattan Office Class A | 7.58 | 0.45 | 8.03 | 12.7 % | 0.24 % |
| Total Manhattan Office Class A | 21.09 | 2.46 | 23.55 | 9.7 % | 0.16 % |
| 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 | 21.59 | 4.69 | 26.28 | 11.26 % | 0.44 % |
| Midtown South Manhattan Office Class A | 0.55 | 0.03 | 0.58 | 3.75 % abc | -12.37 % |
| Downtown Manhattan Office Class A | 12.71 | 1.09 | 13.81 | 15.36 % | 1.78 % |
| Total Manhattan Office Class A | 34.85 | 5.81 | 40.66 | % | -0.25 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 23.51 million RSF to 23.55 million RSF
- Total Manhattan Office Market vacancies increased from 33.84 million RSF to 34.03 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.08 | 2.28 | 19.36 | 7.9 % | -0.1 % |
| Midtown South Manhattan Office | 4.67 | 0.27 | 4.94 | 6.1 % | 3.52 % |
| Downtown Manhattan Office | 9.17 | 0.56 | 9.73 | 10.7 % | 0.33 % |
| Total Manhattan Office | 30.92 | 3.11 | 34.03 | 8.2 % | 0.55 % |
| 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 | 28.37 | 5.93 | 34.3 | 10.27 % | -0.1 % |
| Midtown South Manhattan Office | 8.19 | 0.99 | 9.17 | 8.68 % abc | 3.52 % |
| Downtown Manhattan Office | 15.24 | 1.38 | 16.62 | 12.77 % | 1.1 % |
| Total Manhattan Office | 51.79 | 8.3 | 60.09 | % | 0.09 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 30.69 million RSF to 30.92 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.15 million RSF to 3.11 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 33.84 million RSF to 34.03 million RSF.
- Total Midtown Office vacancy decreased from 19.38 million RSF to 19.36 million RSF
- Total Midtown South Office vacancy increased from 4.77 million RSF to 4.94 million RSF.
- Total Downtown Office vacancy increased from 9.7 million RSF to 9.73 million RSF.
