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June 2009 » 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 | 10.99 | 3.65 | 14.65 | 8.1 % | -0.87 % |
| Midtown South Manhattan Office Class A | 0.68 | 0.03 | 0.71 | 10.1 % | -8.18 % |
| Downtown Manhattan Office Class A | 2.08 | 1.48 | 3.56 | 5.8 % | -3.26 % |
| Total Manhattan Office Class A | 13.75 | 5.16 | 18.91 | 7.6 % | -1.59 % |
| 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 | 22.59 | 10.85 | 33.44 | 14.81 % | -0.87 % |
| Midtown South Manhattan Office Class A | 1.3 | 0.27 | 1.57 | 10.55 % abc | -8.18 % |
| Downtown Manhattan Office Class A | 12.15 | 2.32 | 14.47 | 17.98 % | 2.29 % |
| Total Manhattan Office Class A | 36.04 | 13.44 | 49.48 | % | 1.48 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 19.21 million RSF to 18.91 million RSF.
- Total Manhattan Office Market vacancies decreased from 31.97 million RSF to 31.92 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 15.49 | 4.06 | 19.54 | 7.1 % | -0.12 % |
| Midtown South Manhattan Office | 5.51 | 0.78 | 6.28 | 7.4 % | 1.93 % |
| Downtown Manhattan Office | 4.46 | 1.63 | 6.09 | 6.8 % | -2.51 % |
| Total Manhattan Office | 25.46 | 6.46 | 31.92 | 7.1 % | -0.17 % |
| 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 | 30.66 | 12.58 | 43.24 | 13.11 % | -0.12 % |
| Midtown South Manhattan Office | 9.66 | 2.44 | 12.1 | 11.71 % abc | 1.93 % |
| Downtown Manhattan Office | 16.93 | 2.73 | 19.66 | 16.51 % | 2.45 % |
| Total Manhattan Office | 57.25 | 17.75 | 75.0 | % | 2.4 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 25.24 million RSF to 25.46 million RSF.
- Manhattan Office Sublease vacancy decreased from 6.73 million RSF to 6.46 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 31.98 million RSF to 31.92 million RSF
- Total Midtown Office vacancy decreased from 19.57 million RSF to 19.54 million RSF
- Total Midtown South Office vacancy increased from 6.16 million RSF to 6.28 million RSF.
- Total Downtown Office vacancy decreased from 6.25 million RSF to 6.09 million RSF
