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March 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 | 13.25 | 1.82 | 15.07 | 8.7 % | -3.04 % |
| Midtown South Manhattan Office Class A | 0.41 | 0.03 | 0.44 | 3.9 % | -9.86 % |
| Downtown Manhattan Office Class A | 7.55 | 0.46 | 8.01 | 12.8 % | -6.61 % |
| Total Manhattan Office Class A | 21.21 | 2.3 | 23.52 | 9.5 % | -4.38 % |
| 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 | 21.69 | 4.91 | 26.6 | 11.38 % | -3.04 % |
| Midtown South Manhattan Office Class A | 0.58 | 0.03 | 0.61 | 3.92 % abc | -9.86 % |
| Downtown Manhattan Office Class A | 12.66 | 0.9 | 13.56 | 15.04 % | 0.33 % |
| Total Manhattan Office Class A | 34.93 | 5.84 | 40.77 | % | -0.4 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 24.55 million RSF to 23.51 million RSF.
- Total Manhattan Office Market vacancies decreased from 34.99 million RSF to 33.84 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.19 | 2.19 | 19.38 | 7.6 % | -2.06 % |
| Midtown South Manhattan Office | 4.41 | 0.36 | 4.77 | 6.1 % | -1.05 % |
| Downtown Manhattan Office | 9.1 | 0.6 | 9.7 | 10.6 % | -7.23 % |
| Total Manhattan Office | 30.69 | 3.15 | 33.84 | 8.0 % | -3.4 % |
| 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 | 28.45 | 6.25 | 34.7 | 10.39 % | -2.06 % |
| Midtown South Manhattan Office | 7.92 | 0.98 | 8.9 | 8.39 % abc | -1.05 % |
| Downtown Manhattan Office | 15.24 | 1.19 | 16.44 | 12.58 % | -0.39 % |
| Total Manhattan Office | 51.62 | 8.42 | 60.04 | % | -0.39 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 31.43 million RSF to 30.69 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.57 million RSF to 3.15 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 34.99 million RSF to 33.84 million RSF
- Total Midtown Office vacancy decreased from 19.78 million RSF to 19.38 million RSF
- Total Midtown South Office vacancy decreased from 4.82 million RSF to 4.77 million RSF
- Total Downtown Office vacancy decreased from 10.4 million RSF to 9.7 million RSF
