New York City office
and retail Market Research
and retail Market Research
January 2015 » 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
- December 2014 New York Retail Leases
- November 2014 New York Retail Leases
- October 2014 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 | 14.16 | 2.13 | 16.28 | 8.6 % | 9.81 % |
| Midtown South Manhattan Office Class A | 0.42 | 0.11 | 0.53 | 4.3 % | 6.6 % |
| Downtown Manhattan Office Class A | 7.26 | 0.5 | 7.76 | 12.4 % | 9.96 % |
| Total Manhattan Office Class A | 21.83 | 2.74 | 24.57 | 9.4 % | 9.79 % |
| 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 | 20.47 | 4.82 | 25.29 | 10.95 % | 9.81 % |
| Midtown South Manhattan Office Class A | 0.62 | 0.11 | 0.73 | 4.7 % abc | 6.6 % |
| Downtown Manhattan Office Class A | 11.05 | 1.03 | 12.08 | 13.67 % | -0.45 % |
| Total Manhattan Office Class A | 32.13 | 5.96 | 38.09 | % | -0.32 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.17 million RSF to 24.57 million RSF
- Total Manhattan Office Market vacancies increased from 32.89 million RSF to 36.02 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.18 | 2.5 | 20.69 | 7.6 % | 9.09 % |
| Midtown South Manhattan Office | 5.22 | 0.49 | 5.7 | 6.8 % | 9.54 % |
| Downtown Manhattan Office | 8.9 | 0.73 | 9.63 | 10.4 % | 7.37 % |
| Total Manhattan Office | 32.3 | 3.72 | 36.02 | 8.0 % | 8.7 % |
| 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 | 26.75 | 5.99 | 32.75 | 9.91 % | 9.09 % |
| Midtown South Manhattan Office | 8.23 | 1.2 | 9.44 | 8.92 % abc | 9.54 % |
| Downtown Manhattan Office | 13.76 | 1.35 | 15.11 | 11.74 % | -0.62 % |
| Total Manhattan Office | 48.75 | 8.55 | 57.3 | % | -1.16 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 29.42 million RSF to 32.3 million RSF.
- Manhattan Office Sublease vacancy increased from 3.46 million RSF to 3.72 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 32.89 million RSF to 36.02 million RSF.
- Total Midtown Office vacancy increased from 18.81 million RSF to 20.69 million RSF.
- Total Midtown South Office vacancy increased from 5.16 million RSF to 5.7 million RSF.
- Total Downtown Office vacancy increased from 8.92 million RSF to 9.63 million RSF.
