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September 2009 » 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 | 12.05 | 3.82 | 15.88 | 8.7 % | -1.18 % |
| Midtown South Manhattan Office Class A | 0.76 | 0.03 | 0.78 | 10.5 % | 9.62 % |
| Downtown Manhattan Office Class A | 2.21 | 1.62 | 3.83 | 6.1 % | 3.47 % |
| Total Manhattan Office Class A | 15.02 | 5.47 | 20.49 | 8.1 % | 0.1 % |
| 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 | 22.89 | 10.02 | 32.91 | 14.81 % | -1.18 % |
| Midtown South Manhattan Office Class A | 1.99 | 0.25 | 2.24 | 14.52 % abc | 9.62 % |
| Downtown Manhattan Office Class A | 11.81 | 2.41 | 14.21 | 18.08 % | -0.18 % |
| Total Manhattan Office Class A | 36.69 | 12.67 | 49.36 | % | -1.17 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 20.47 million RSF to 20.49 million RSF
- Total Manhattan Office Market vacancies increased from 33.76 million RSF to 33.91 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 16.55 | 4.24 | 20.79 | 7.6 % | -0.89 % |
| Midtown South Manhattan Office | 5.92 | 0.78 | 6.7 | 7.7 % | 2.36 % |
| Downtown Manhattan Office | 4.61 | 1.8 | 6.41 | 7.1 % | 2.71 % |
| Total Manhattan Office | 27.08 | 6.83 | 33.91 | 7.5 % | 0.43 % |
| 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 | 31.43 | 11.98 | 43.41 | 13.21 % | -0.89 % |
| Midtown South Manhattan Office | 10.82 | 2.42 | 13.24 | 12.59 % abc | 2.36 % |
| Downtown Manhattan Office | 16.5 | 2.97 | 19.47 | 16.55 % | -0.09 % |
| Total Manhattan Office | 58.75 | 17.37 | 76.12 | % | -0.54 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 26.81 million RSF to 27.08 million RSF.
- Manhattan Office Sublease vacancy decreased from 6.95 million RSF to 6.83 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 33.76 million RSF to 33.91 million RSF.
- Total Midtown Office vacancy decreased from 20.97 million RSF to 20.79 million RSF
- Total Midtown South Office vacancy increased from 6.54 million RSF to 6.7 million RSF.
- Total Downtown Office vacancy increased from 6.24 million RSF to 6.41 million RSF.
