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June 2015 » 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 | 12.16 | 1.79 | 13.96 | 8.6 % | -5.03 % |
| Midtown South Manhattan Office Class A | 0.33 | 0.02 | 0.35 | 2.8 % | -8.96 % |
| Downtown Manhattan Office Class A | 7.63 | 0.4 | 8.03 | 12.5 % | -1.02 % |
| Total Manhattan Office Class A | 20.12 | 2.21 | 22.33 | 9.3 % | -3.65 % |
| 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 | 21.72 | 4.46 | 26.19 | 11.04 % | -5.03 % |
| Midtown South Manhattan Office Class A | 0.5 | 0.06 | 0.56 | 3.64 % abc | -8.96 % |
| Downtown Manhattan Office Class A | 12.56 | 1.16 | 13.72 | 15.27 % | -1.19 % |
| Total Manhattan Office Class A | 34.78 | 5.68 | 40.47 | % | -1.0 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 23.14 million RSF to 22.33 million RSF.
- Total Manhattan Office Market vacancies decreased from 33.39 million RSF to 32.11 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 15.83 | 2.12 | 17.96 | 7.6 % | -4.69 % |
| Midtown South Manhattan Office | 4.18 | 0.3 | 4.47 | 5.8 % | -7.78 % |
| Downtown Manhattan Office | 9.19 | 0.49 | 9.68 | 12.3 % | -0.92 % |
| Total Manhattan Office | 29.2 | 2.91 | 32.11 | 7.9 % | -3.98 % |
| 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 | 28.46 | 5.72 | 34.19 | 10.12 % | -4.69 % |
| Midtown South Manhattan Office | 7.85 | 1.09 | 8.94 | 8.49 % abc | -7.78 % |
| Downtown Manhattan Office | 15.09 | 1.4 | 16.49 | 12.7 % | -1.12 % |
| Total Manhattan Office | 51.4 | 8.22 | 59.62 | % | -0.77 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 30.26 million RSF to 29.2 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.14 million RSF to 2.91 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 33.39 million RSF to 32.11 million RSF
- Total Midtown Office vacancy decreased from 18.8 million RSF to 17.96 million RSF
- Total Midtown South Office vacancy decreased from 4.82 million RSF to 4.47 million RSF
- Total Downtown Office vacancy decreased from 9.77 million RSF to 9.68 million RSF
