December 2012 NYC Real Estate Market Data


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 Class Office Class A 12.59 3.04 15.64 9.3 % 1.73 %
Midtown South Manhattan Office Class A 0.61 0.01 0.62 10.0 % -7.57 %
Downtown Manhattan Office Class A 3.75 0.57 4.32 7.7 % 2.29 %
Total Manhattan Office Class A 16.95 3.62 20.58 8.9 % 1.57 %
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 21.93 6.67 28.6 12.62 % 1.73 %
Midtown South Manhattan Office Class A 1.46 0.04 1.5 9.88 % abc -7.57 %
Downtown Manhattan Office Class A 15.51 1.22 16.73 18.77 % -0.47 %
Total Manhattan Office Class A 38.9 7.93 46.83 % 0.42 %

Manhattan Class A Office Vacancies

  • Total Manhattan Office Class A vacancies increased from 20.26 % vacant to 20.58 % vacant
  • Total Manhattan Office Market vacancies increased from 31.23 % vacant to 31.82 % vacant

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