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May 2007 » 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 | 6.59 | 1.54 | 8.14 | 4.6 % | -1.66 % |
| Midtown South Manhattan Office Class A | 0.47 | 0.02 | 0.49 | 5.5 % | -9.65 % |
| Downtown Manhattan Office Class A | 3.39 | 0.44 | 3.83 | 7.4 % | -2.3 % |
| Total Manhattan Office Class A | 10.46 | 2.0 | 12.46 | 5.3 % | -2.17 % |
| 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 | 11.63 | 4.58 | 16.22 | 7.65 % | -1.66 % |
| Midtown South Manhattan Office Class A | 0.67 | 0.06 | 0.73 | 5.38 % abc | -9.65 % |
| Downtown Manhattan Office Class A | 4.73 | 1.27 | 6.0 | 8.38 % | 1.43 % |
| Total Manhattan Office Class A | 17.03 | 5.92 | 22.95 | % | -3.82 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 12.73 million RSF to 12.46 million RSF.
- Total Manhattan Office Market vacancies decreased from 21.74 million RSF to 21.58 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 9.6 | 1.89 | 11.48 | 4.5 % | -1.31 % |
| Midtown South Manhattan Office | 3.5 | 0.48 | 3.98 | 5.1 % | 1.83 % |
| Downtown Manhattan Office | 5.46 | 0.66 | 6.12 | 7.8 % | -1.29 % |
| Total Manhattan Office | 18.56 | 3.02 | 21.58 | 5.3 % | -0.73 % |
| 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 | 16.88 | 5.54 | 22.41 | 7.27 % | -1.31 % |
| Midtown South Manhattan Office | 6.23 | 0.9 | 7.13 | 7.4 % abc | 1.83 % |
| Downtown Manhattan Office | 7.97 | 1.69 | 9.66 | 8.98 % | 2.02 % |
| Total Manhattan Office | 31.07 | 8.13 | 39.2 | % | -1.94 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 18.56 million RSF to 18.56 million RSF.
- Manhattan Office Sublease vacancy decreased from 3.17 million RSF to 3.02 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 21.73 million RSF to 21.58 million RSF
- Total Midtown Office vacancy decreased from 11.64 million RSF to 11.48 million RSF
- Total Midtown South Office vacancy increased from 3.91 million RSF to 3.98 million RSF.
- Total Downtown Office vacancy decreased from 6.19 million RSF to 6.12 million RSF
