New York City office
and retail Market Research
and retail Market Research
July 2018 » 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
- June 2018 New York Retail Leases
- May 2018 New York Retail Leases
- April 2018 New York Retail Leases
- March 2018 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 | 13.26 | 2.3 | 15.55 | 8.7 % | -1.89 % |
| Midtown South Manhattan Office Class A | 0.51 | 0.1 | 0.61 | 5.0 % | 11.36 % |
| Downtown Manhattan Office Class A | 6.74 | 0.89 | 7.63 | 11.9 % | 20.6 % |
| Total Manhattan Office Class A | 20.5 | 3.29 | 23.79 | 9.3 % | 5.66 % |
| 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 | 23.68 | 5.15 | 28.82 | 11.91 % | -1.89 % |
| Midtown South Manhattan Office Class A | 2.29 | 0.84 | 3.13 | 15.6 % abc | 11.36 % |
| Downtown Manhattan Office Class A | 10.16 | 2.19 | 12.35 | 13.62 % | -1.1 % |
| Total Manhattan Office Class A | 36.12 | 8.18 | 44.3 | % | -0.17 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.45 million RSF to 23.79 million RSF
- Total Manhattan Office Market vacancies increased from 35.49 million RSF to 36.7 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.26 | 2.98 | 21.24 | 7.9 % | -1.98 % |
| Midtown South Manhattan Office | 5.33 | 0.69 | 6.02 | 6.7 % | -0.56 % |
| Downtown Manhattan Office | 8.35 | 1.1 | 9.45 | 9.9 % | 17.64 % |
| Total Manhattan Office | 31.94 | 4.76 | 36.7 | 8.1 % | 3.3 % |
| 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 | 31.43 | 6.61 | 38.04 | 11.16 % | -1.98 % |
| Midtown South Manhattan Office | 9.46 | 2.35 | 11.81 | 10.79 % abc | -0.56 % |
| Downtown Manhattan Office | 12.87 | 2.5 | 15.36 | 11.95 % | -0.83 % |
| Total Manhattan Office | 53.76 | 11.45 | 65.22 | % | -1.25 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 30.62 million RSF to 31.94 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.87 million RSF to 4.76 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 35.49 million RSF to 36.7 million RSF.
- Total Midtown Office vacancy decreased from 21.66 million RSF to 21.24 million RSF
- Total Midtown South Office vacancy decreased from 6.05 million RSF to 6.02 million RSF
- Total Downtown Office vacancy increased from 7.78 million RSF to 9.45 million RSF.
