New York City office
and retail Market Research
and retail Market Research
November 2011 » Market Analysis » New York Office Report
Market Analysis
- Market Report
- NY New Developments
- NYC Buildings For Sale
- New York Market Data
- New York Office Leases
- New York Retail Leases
- October 2011 NY Retail Leases
- September 2011 NYC Retail Leases
- August 2011 Manhattan Retail Leases
- More Reports...
- Market Research Archive
NYC Real Estate Statistics
Subscribe to Newsletter
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 | 12.88 | 2.07 | 14.95 | 8.7 % | 3.53 % |
| Midtown South Manhattan Office Class A | 0.52 | 0.02 | 0.54 | 5.9 % | -9.81 % |
| Downtown Manhattan Office Class A | 5.06 | 0.34 | 5.39 | 10.0 % | 1.39 % |
| Total Manhattan Office Class A | 18.46 | 2.42 | 20.88 | 8.9 % | 2.63 % |
| 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 | 21.92 | 5.95 | 27.88 | 12.4 % | 3.53 % |
| Midtown South Manhattan Office Class A | 1.09 | 0.06 | 1.15 | 7.71 % abc | -9.81 % |
| Downtown Manhattan Office Class A | 16.47 | 1.02 | 17.49 | 19.47 % | -0.23 % |
| Total Manhattan Office Class A | 39.49 | 7.03 | 46.52 | % | 2.43 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 20.33 million RSF to 20.88 million RSF
- Total Manhattan Office Market vacancies increased from 32.93 million RSF to 33.38 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.89 | 2.41 | 20.3 | 7.8 % | 3.56 % |
| Midtown South Manhattan Office | 4.78 | 0.32 | 5.09 | 6.2 % | -2.89 % |
| Downtown Manhattan Office | 7.49 | 0.5 | 7.98 | 8.7 % | -1.63 % |
| Total Manhattan Office | 30.16 | 3.22 | 33.38 | 7.7 % | 1.33 % |
| 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 | 30.99 | 7.27 | 38.26 | 11.67 % | 3.56 % |
| Midtown South Manhattan Office | 8.01 | 0.94 | 8.95 | 8.61 % abc | -2.89 % |
| Downtown Manhattan Office | 20.39 | 1.62 | 22.01 | 16.44 % | -2.14 % |
| Total Manhattan Office | 59.39 | 9.83 | 69.22 | % | 1.04 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 29.81 million RSF to 30.16 million RSF.
- Manhattan Office Sublease vacancy increased from 3.13 million RSF to 3.22 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 32.93 million RSF to 33.38 million RSF.
- Total Midtown Office vacancy increased from 19.58 million RSF to 20.3 million RSF.
- Total Midtown South Office vacancy decreased from 5.24 million RSF to 5.09 million RSF
- Total Downtown Office vacancy decreased from 8.11 million RSF to 7.98 million RSF
