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March 2010 » 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 | 13.38 | 3.46 | 16.84 | 9.2 % | 0.25 % |
| Midtown South Manhattan Office Class A | 0.98 | 0.07 | 1.05 | 7.7 % | 2.86 % |
| Downtown Manhattan Office Class A | 3.54 | 1.26 | 4.8 | 7.4 % | 4.54 % |
| Total Manhattan Office Class A | 17.89 | 4.79 | 22.69 | 8.7 % | 1.28 % |
| 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 | 22.49 | 9.09 | 31.58 | 14.14 % | 0.25 % |
| Midtown South Manhattan Office Class A | 1.45 | 0.39 | 1.84 | 12.58 % abc | 2.86 % |
| Downtown Manhattan Office Class A | 13.32 | 2.08 | 15.4 | 18.36 % | -0.28 % |
| Total Manhattan Office Class A | 37.26 | 11.56 | 48.82 | % | -1.35 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 22.4 million RSF to 22.69 million RSF
- Total Manhattan Office Market vacancies increased from 35.68 million RSF to 36.22 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 18.54 | 3.94 | 22.48 | 8.2 % | 0.97 % |
| Midtown South Manhattan Office | 6.06 | 0.65 | 6.71 | 7.4 % | 0.1 % |
| Downtown Manhattan Office | 5.57 | 1.45 | 7.02 | 7.1 % | 4.52 % |
| Total Manhattan Office | 30.17 | 6.05 | 36.22 | 7.8 % | 1.5 % |
| 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 | 31.45 | 11.0 | 42.45 | 12.9 % | 0.97 % |
| Midtown South Manhattan Office | 9.9 | 2.11 | 12.01 | 11.4 % abc | 0.1 % |
| Downtown Manhattan Office | 17.59 | 2.52 | 20.11 | 16.56 % | -0.1 % |
| Total Manhattan Office | 58.94 | 15.64 | 74.58 | % | -1.1 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 29.77 million RSF to 30.17 million RSF.
- Manhattan Office Sublease vacancy increased from 5.91 million RSF to 6.05 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 35.68 million RSF to 36.22 million RSF.
- Total Midtown Office vacancy increased from 22.27 million RSF to 22.48 million RSF.
- Total Midtown South Office vacancy increased from 6.71 million RSF to 6.71 million RSF.
- Total Downtown Office vacancy increased from 6.7 million RSF to 7.02 million RSF.
