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July 2010 » 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 | 13.72 | 2.96 | 16.68 | 9.2 % | 4.65 % |
| Midtown South Manhattan Office Class A | 0.73 | 0.15 | 0.88 | 10.2 % | -0.34 % |
| Downtown Manhattan Office Class A | 4.69 | 1.22 | 5.92 | 8.9 % | -0.98 % |
| Total Manhattan Office Class A | 19.14 | 4.33 | 23.47 | 9.2 % | 3.04 % |
| 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 | 21.56 | 8.37 | 29.94 | 13.5 % | 4.65 % |
| Midtown South Manhattan Office Class A | 2.04 | 0.39 | 2.43 | 15.63 % abc | -0.34 % |
| Downtown Manhattan Office Class A | 13.55 | 1.97 | 15.52 | 18.8 % | 1.58 % |
| Total Manhattan Office Class A | 37.15 | 10.74 | 47.89 | % | 2.57 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.76 million RSF to 23.47 million RSF
- Total Manhattan Office Market vacancies increased from 36.21 million RSF to 36.67 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.74 | 3.25 | 21.99 | 8.3 % | 2.39 % |
| Midtown South Manhattan Office | 5.72 | 0.77 | 6.49 | 7.7 % | 0.22 % |
| Downtown Manhattan Office | 6.76 | 1.42 | 8.18 | 8.2 % | -1.08 % |
| Total Manhattan Office | 31.22 | 5.45 | 36.67 | 8.1 % | 1.23 % |
| 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 | 30.52 | 9.75 | 40.27 | 12.43 % | 2.39 % |
| Midtown South Manhattan Office | 10.1 | 1.93 | 12.04 | 11.41 % abc | 0.22 % |
| Downtown Manhattan Office | 17.84 | 2.63 | 20.46 | 17.02 % | 1.04 % |
| Total Manhattan Office | 58.46 | 14.31 | 72.77 | % | 1.44 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 30.52 million RSF to 31.22 million RSF.
- Manhattan Office Sublease vacancy decreased from 5.7 million RSF to 5.45 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 36.21 million RSF to 36.67 million RSF.
- Total Midtown Office vacancy increased from 21.47 million RSF to 21.99 million RSF.
- Total Midtown South Office vacancy increased from 6.48 million RSF to 6.49 million RSF.
- Total Downtown Office vacancy decreased from 8.27 million RSF to 8.18 million RSF
