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June 2011 » 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 | 13.66 | 1.96 | 15.63 | 9.0 % | -3.08 % |
| Midtown South Manhattan Office Class A | 0.83 | 0.02 | 0.84 | 9.5 % | 9.47 % |
| Downtown Manhattan Office Class A | 5.47 | 0.56 | 6.02 | 9.1 % | -2.06 % |
| Total Manhattan Office Class A | 19.96 | 2.54 | 22.49 | 9.1 % | -2.33 % |
| 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 | 21.15 | 6.48 | 27.64 | 12.39 % | -3.08 % |
| Midtown South Manhattan Office Class A | 1.51 | 0.04 | 1.55 | 10.35 % abc | 9.47 % |
| Downtown Manhattan Office Class A | 15.2 | 1.21 | 16.4 | 18.34 % | 0.24 % |
| Total Manhattan Office Class A | 37.86 | 7.73 | 45.59 | % | -0.8 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 23.02 million RSF to 22.49 million RSF.
- Total Manhattan Office Market vacancies decreased from 35.71 million RSF to 35.22 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.39 | 2.23 | 20.61 | 8.1 % | -2.09 % |
| Midtown South Manhattan Office | 5.44 | 0.36 | 5.79 | 7.2 % | 0.09 % |
| Downtown Manhattan Office | 8.1 | 0.71 | 8.81 | 8.4 % | -0.73 % |
| Total Manhattan Office | 31.92 | 3.3 | 35.22 | 8.0 % | -1.39 % |
| 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 | 30.22 | 7.62 | 37.84 | 11.65 % | -2.09 % |
| Midtown South Manhattan Office | 8.2 | 1.03 | 9.23 | 8.91 % abc | 0.09 % |
| Downtown Manhattan Office | 19.83 | 1.64 | 21.46 | 16.05 % | -0.01 % |
| Total Manhattan Office | 58.24 | 10.3 | 68.54 | % | -1.1 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 32.1 million RSF to 31.92 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.6 million RSF to 3.3 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 35.71 million RSF to 35.22 million RSF
- Total Midtown Office vacancy decreased from 21.04 million RSF to 20.61 million RSF
- Total Midtown South Office vacancy increased from 5.79 million RSF to 5.79 million RSF.
- Total Downtown Office vacancy decreased from 8.87 million RSF to 8.81 million RSF
