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October 2012 » 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 | 12.91 | 3.02 | 15.93 | 9.3 % | 0.33 % |
| Midtown South Manhattan Office Class A | 0.67 | 0.02 | 0.69 | 8.3 % | -2.46 % |
| Downtown Manhattan Office Class A | 4.83 | 0.49 | 5.32 | 7.8 % | 0.39 % |
| Total Manhattan Office Class A | 18.41 | 3.53 | 21.94 | 8.9 % | 0.26 % |
| 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 | 21.7 | 6.34 | 28.04 | 12.47 % | 0.33 % |
| Midtown South Manhattan Office Class A | 1.38 | 0.07 | 1.45 | 9.63 % abc | -2.46 % |
| Downtown Manhattan Office Class A | 15.77 | 1.38 | 17.14 | 19.34 % | -1.06 % |
| Total Manhattan Office Class A | 38.84 | 7.79 | 46.63 | % | -0.06 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 21.88 million RSF to 21.94 million RSF
- Total Manhattan Office Market vacancies increased from 32.44 million RSF to 33.3 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.69 | 3.4 | 21.09 | 8.3 % | -0.16 % |
| Midtown South Manhattan Office | 4.42 | 0.3 | 4.72 | 6.0 % | 19.05 % |
| Downtown Manhattan Office | 6.77 | 0.73 | 7.5 | 7.2 % | -0.03 % |
| Total Manhattan Office | 28.88 | 4.42 | 33.3 | 7.6 % | 2.59 % |
| 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 | 30.33 | 7.67 | 38.0 | 11.57 % | -0.16 % |
| Midtown South Manhattan Office | 7.87 | 1.13 | 9.0 | 8.63 % abc | 19.05 % |
| Downtown Manhattan Office | 19.32 | 1.89 | 21.22 | 15.88 % | -0.6 % |
| Total Manhattan Office | 57.52 | 10.7 | 68.22 | % | 1.83 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 27.93 million RSF to 28.88 million RSF.
- Manhattan Office Sublease vacancy decreased from 4.51 million RSF to 4.42 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 32.44 million RSF to 33.3 million RSF.
- Total Midtown Office vacancy decreased from 21.12 million RSF to 21.09 million RSF
- Total Midtown South Office vacancy increased from 3.82 million RSF to 4.72 million RSF.
- Total Downtown Office vacancy decreased from 7.5 million RSF to 7.5 million RSF
