New York City office
and retail Market Research
and retail Market Research
December 2013 » 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
- November 2013 New York Retail Leases
- October 2013 NYC Retail Leases
- September 2013 Manhattan 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 | 14.59 | 2.45 | 17.04 | 9.2 % | -0.43 % |
| Midtown South Manhattan Office Class A | 0.93 | 0.02 | 0.96 | 7.7 % | 0.84 % |
| Downtown Manhattan Office Class A | 7.81 | 0.45 | 8.26 | 11.4 % | 12.31 % |
| Total Manhattan Office Class A | 23.33 | 2.93 | 26.26 | 9.7 % | 3.62 % |
| 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 | 23.36 | 5.17 | 28.53 | 12.4 % | -0.43 % |
| Midtown South Manhattan Office Class A | 1.2 | 0.03 | 1.23 | 8.25 % abc | 0.84 % |
| Downtown Manhattan Office Class A | 14.57 | 1.19 | 15.76 | 17.8 % | 0.08 % |
| Total Manhattan Office Class A | 39.13 | 6.38 | 45.52 | % | -1.19 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 25.31 million RSF to 26.26 million RSF
- Total Manhattan Office Market vacancies increased from 37.19 million RSF to 38.35 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 19.14 | 2.78 | 21.92 | 8.0 % | 1.09 % |
| Midtown South Manhattan Office | 5.79 | 0.38 | 6.17 | 7.2 % | -0.34 % |
| Downtown Manhattan Office | 9.58 | 0.68 | 10.26 | 9.6 % | 9.25 % |
| Total Manhattan Office | 34.51 | 3.85 | 38.35 | 8.3 % | 3.05 % |
| 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 | 30.25 | 5.98 | 36.24 | 11.01 % | 1.09 % |
| Midtown South Manhattan Office | 9.44 | 1.36 | 10.8 | 10.21 % abc | -0.34 % |
| Downtown Manhattan Office | 17.72 | 1.67 | 19.39 | 14.76 % | -0.37 % |
| Total Manhattan Office | 57.41 | 9.01 | 66.42 | % | -0.58 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 32.86 million RSF to 34.51 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.33 million RSF to 3.85 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 37.19 million RSF to 38.35 million RSF.
- Total Midtown Office vacancy increased from 21.68 million RSF to 21.92 million RSF.
- Total Midtown South Office vacancy decreased from 6.19 million RSF to 6.17 million RSF
- Total Downtown Office vacancy increased from 9.31 million RSF to 10.26 million RSF.
