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September 2018 » 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 | 12.82 | 2.34 | 15.16 | 8.4 % | -1.17 % |
| Midtown South Manhattan Office Class A | 0.38 | 0.13 | 0.51 | 3.4 % | 11.27 % |
| Downtown Manhattan Office Class A | 7.01 | 0.9 | 7.91 | 11.3 % | 1.89 % |
| Total Manhattan Office Class A | 20.2 | 3.38 | 23.58 | 11.3 % | 0.12 % |
| 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 | 23.19 | 4.89 | 28.09 | 11.75 % | -1.17 % |
| Midtown South Manhattan Office Class A | 2.12 | 0.74 | 2.86 | 13.62 % abc | 11.27 % |
| Downtown Manhattan Office Class A | 10.01 | 2.24 | 12.25 | 13.58 % | -0.9 % |
| Total Manhattan Office Class A | 35.33 | 7.87 | 43.2 | % | -2.14 % |
Manhattan Class A Office Vacancies
- Total Manhattan Office Class A vacancies increased from 23.55 million RSF to 23.58 million RSF
- Total Manhattan Office Market vacancies increased from 36.38 million RSF to 36.46 million RSF
| NEW YORK TOTAL OFFICE MARKET VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Office | 17.8 | 3.01 | 20.8 | 7.8 % | -0.39 % |
| Midtown South Manhattan Office | 4.98 | 0.84 | 5.82 | 6.3 % | -1.61 % |
| Downtown Manhattan Office | 8.68 | 1.15 | 9.83 | 9.5 % | 2.58 % |
| Total Manhattan Office | 31.47 | 4.99 | 36.46 | 7.9 % | 0.21 % |
| 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 | 30.85 | 6.37 | 37.22 | 11.03 % | -0.39 % |
| Midtown South Manhattan Office | 8.87 | 2.31 | 11.18 | 10.15 % abc | -1.61 % |
| Downtown Manhattan Office | 12.79 | 2.57 | 15.36 | 11.99 % | -0.69 % |
| Total Manhattan Office | 52.51 | 11.25 | 63.76 | % | -2.8 % |
Manhattan Office Vacancy Market
- Total Manhattan Office direct lease vacancy increased from 31.45 million RSF to 31.47 million RSF.
- Manhattan Office Sublease vacancy increased from 4.93 million RSF to 4.99 million RSF.
Manhattan Office Rent Vacancy by Area
- Total Manhattan Office Market vacancy increased from 36.38 million RSF to 36.46 million RSF.
- Total Midtown Office vacancy decreased from 20.89 million RSF to 20.8 million RSF
- Total Midtown South Office vacancy decreased from 5.92 million RSF to 5.82 million RSF
- Total Downtown Office vacancy increased from 9.58 million RSF to 9.83 million RSF.
