New York City office
and retail Market Research
and retail Market Research
October 2007 » 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
- September 2007 New York Retail Leases
- August 2007 New York Retail Leases
- July 2007 New York Retail Leases
- June 2007 New York 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 | 6.26 | 1.4 | 7.66 | 5.1 % | -4.22 % |
| Midtown South Manhattan Office Class A | 0.06 | 0.02 | 0.08 | 7.0 % | 13.92 % |
| Downtown Manhattan Office Class A | 3.04 | 0.41 | 3.45 | 5.9 % | -2.72 % |
| Total Manhattan Office Class A | 9.36 | 1.83 | 11.19 | 5.4 % | -3.63 % |
| 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 | 12.36 | 4.14 | 16.5 | 7.66 % | -4.22 % |
| Midtown South Manhattan Office Class A | 1.03 | 0.05 | 1.07 | 7.47 % abc | 13.92 % |
| Downtown Manhattan Office Class A | 4.17 | 0.84 | 5.01 | 7.02 % | -4.49 % |
| Total Manhattan Office Class A | 17.56 | 5.02 | 22.59 | % | -14.79 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies decreased from 11.59 million RSF to 11.19 million RSF.
- Total Manhattan Office Market vacancies decreased from 20.09 million RSF to 20.08 million RSF.
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 9.5 | 1.78 | 11.28 | 4.9 % | -1.26 % |
| Midtown South Manhattan Office | 2.67 | 0.38 | 3.04 | 5.0 % | 7.69 % |
| Downtown Manhattan Office | 5.12 | 0.64 | 5.76 | 6.7 % | -1.81 % |
| Total Manhattan Office | 17.29 | 2.8 | 20.08 | 5.3 % | -0.06 % |
| 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 | 18.52 | 5.04 | 23.56 | 7.51 % | -1.26 % |
| Midtown South Manhattan Office | 6.79 | 0.93 | 7.72 | 7.85 % abc | 7.69 % |
| Downtown Manhattan Office | 7.63 | 1.22 | 8.85 | 8.12 % | -0.89 % |
| Total Manhattan Office | 32.93 | 7.18 | 40.12 | % | 0.92 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy decreased from 17.37 million RSF to 17.29 million RSF.
- Manhattan Office Sublease vacancy increased from 2.72 million RSF to 2.8 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy decreased from 20.09 million RSF to 20.08 million RSF
- Total Midtown Office vacancy decreased from 11.42 million RSF to 11.28 million RSF
- Total Midtown South Office vacancy increased from 2.81 million RSF to 3.04 million RSF.
- Total Downtown Office vacancy decreased from 5.87 million RSF to 5.76 million RSF
