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June 2007 » 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 | 6.38 | 1.62 | 8.0 | 4.6 % | -1.76 % |
| Midtown South Manhattan Office Class A | 0.04 | 0.0 | 0.04 | 2.3 % | -1087.8 % |
| Downtown Manhattan Office Class A | 3.69 | 0.52 | 4.2 | 8.0 % | 8.87 % |
| Total Manhattan Office Class A | 10.1 | 2.14 | 12.24 | 5.4 % | -1.75 % |
| 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 | 12.13 | 4.13 | 16.26 | 7.64 % | -1.76 % |
| Midtown South Manhattan Office Class A | 0.26 | 0.05 | 0.31 | 2.27 % abc | -1087.8 % |
| Downtown Manhattan Office Class A | 5.07 | 1.17 | 6.24 | 8.76 % | 3.89 % |
| Total Manhattan Office Class A | 17.46 | 5.34 | 22.81 | % | -0.6 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 12.46 million RSF to 12.24 million RSF.
- Total Manhattan Office Market vacancies decreased from 21.58 million RSF to 20.92 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 9.39 | 1.92 | 11.32 | 4.5 % | -1.48 % |
| Midtown South Manhattan Office | 2.83 | 0.3 | 3.13 | 4.4 % | -27.25 % |
| Downtown Manhattan Office | 5.73 | 0.75 | 6.48 | 8.2 % | 5.62 % |
| Total Manhattan Office | 17.96 | 2.97 | 20.92 | 5.2 % | -3.13 % |
| 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 | 17.22 | 5.1 | 22.32 | 7.22 % | -1.48 % |
| Midtown South Manhattan Office | 5.5 | 0.72 | 6.23 | 6.47 % abc | -27.25 % |
| Downtown Manhattan Office | 8.32 | 1.61 | 9.93 | 9.25 % | 2.71 % |
| Total Manhattan Office | 31.04 | 7.43 | 38.47 | % | -1.89 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 18.56 million RSF to 17.96 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.02 million RSF to 2.97 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 21.58 million RSF to 20.92 million RSF
- Total Midtown Office vacancy decreased from 11.48 million RSF to 11.32 million RSF
- Total Midtown South Office vacancy decreased from 3.98 million RSF to 3.13 million RSF
- Total Downtown Office vacancy increased from 6.12 million RSF to 6.48 million RSF.
