New York City office
and retail Market Research
and retail Market Research
April 2018 » 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
- March 2018 New York Retail Leases
- February 2018 New York Retail Leases
- January 2018 New York Retail Leases
- December 2017 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 | 13.79 | 2.51 | 16.3 | 8.8 % | -1.42 % |
| Midtown South Manhattan Office Class A | 0.48 | 0.11 | 0.59 | 6.7 % | -1.34 % |
| Downtown Manhattan Office Class A | 5.18 | 0.73 | 5.91 | 9.4 % | -0.97 % |
| Total Manhattan Office Class A | 19.46 | 3.34 | 22.8 | 8.9 % | -1.3 % |
| 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 | 24.62 | 5.21 | 29.82 | 12.32 % | -1.42 % |
| Midtown South Manhattan Office Class A | 1.86 | 0.69 | 2.55 | 12.95 % abc | -1.34 % |
| Downtown Manhattan Office Class A | 10.17 | 1.71 | 11.88 | 13.36 % | 0.98 % |
| Total Manhattan Office Class A | 36.65 | 7.61 | 44.26 | % | 4.06 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 23.1 million RSF to 22.8 million RSF.
- Total Manhattan Office Market vacancies decreased from 36.66 million RSF to 36.41 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.89 | 3.3 | 22.19 | 8.3 % | -0.78 % |
| Midtown South Manhattan Office | 5.67 | 0.84 | 6.52 | 7.4 % | -0.01 % |
| Downtown Manhattan Office | 6.84 | 0.87 | 7.71 | 7.9 % | -0.92 % |
| Total Manhattan Office | 31.4 | 5.01 | 36.41 | 8.0 % | -0.67 % |
| 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 | 32.0 | 6.76 | 38.76 | 11.39 % | -0.78 % |
| Midtown South Manhattan Office | 9.35 | 2.38 | 11.73 | 10.75 % abc | -0.01 % |
| Downtown Manhattan Office | 12.79 | 1.98 | 14.77 | 11.67 % | 1.23 % |
| Total Manhattan Office | 54.15 | 11.12 | 65.26 | % | 3.26 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 31.38 million RSF to 31.4 million RSF.
- Manhattan Office Sublease vacancy decreased from 5.28 million RSF to 5.01 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 36.66 million RSF to 36.41 million RSF
- Total Midtown Office vacancy decreased from 22.36 million RSF to 22.19 million RSF
- Total Midtown South Office vacancy decreased from 6.52 million RSF to 6.52 million RSF
- Total Downtown Office vacancy decreased from 7.78 million RSF to 7.71 million RSF
