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February 2013 » 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 | 12.48 | 2.89 | 15.37 | 9.1 % | -2.09 % |
| Midtown South Manhattan Office Class A | 0.35 | 0.0 | 0.35 | 7.8 % | 0.0 % |
| Downtown Manhattan Office Class A | 4.33 | 0.4 | 4.74 | 7.6 % | -2.96 % |
| Total Manhattan Office Class A | 17.17 | 3.29 | 20.46 | 8.7 % | -2.25 % |
| 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 | 22.14 | 6.08 | 28.22 | 12.44 % | -2.09 % |
| Midtown South Manhattan Office Class A | 1.21 | 0.1 | 1.31 | 8.73 % abc | 0.0 % |
| Downtown Manhattan Office Class A | 15.01 | 1.12 | 16.13 | 18.35 % | -1.97 % |
| Total Manhattan Office Class A | 38.36 | 7.31 | 45.67 | % | -0.85 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 20.92 million RSF to 20.45 million RSF.
- Total Manhattan Office Market vacancies decreased from 32.32 million RSF to 31.24 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 16.81 | 3.29 | 20.1 | 8.0 % | -3.15 % |
| Midtown South Manhattan Office | 4.25 | 0.14 | 4.39 | 5.9 % | -2.55 % |
| Downtown Manhattan Office | 6.1 | 0.65 | 6.75 | 6.7 % | -5.01 % |
| Total Manhattan Office | 27.17 | 4.07 | 31.24 | 7.3 % | -3.47 % |
| 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 | 29.94 | 7.24 | 37.18 | 11.31 % | -3.15 % |
| Midtown South Manhattan Office | 8.34 | 1.13 | 9.47 | 9.01 % abc | -2.55 % |
| Downtown Manhattan Office | 18.46 | 1.62 | 20.08 | 15.16 % | -2.52 % |
| Total Manhattan Office | 56.73 | 10.0 | 66.73 | % | -0.63 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 27.92 million RSF to 27.17 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.4 million RSF to 4.07 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 32.32 million RSF to 31.24 million RSF
- Total Midtown Office vacancy decreased from 20.73 million RSF to 20.1 million RSF
- Total Midtown South Office vacancy decreased from 4.5 million RSF to 4.39 million RSF
- Total Downtown Office vacancy decreased from 7.09 million RSF to 6.75 million RSF
