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1. • 450 million square feet

     • The City’s three main business districts (Midtown, Midtown South, and Downtown Manhattan) together contain 450 million square feet of office space, representing more than one-quarter of all the office space in the nation’s business districts.
     www.osc.state.ny.us/files/reports/osdc/pdf/report-10-2017.pdf

     New York City’s Office Market - Office of the New York ...

2. People also ask

   How much office space does Midtown Manhattan have?

   • In the fourth quarter of 2022, Midtown Manhattan had 241.01 million square feet of office space, which was the largest district in terms of office inventory.

   Manhattan: total office space by district 2022 | Statista

   www.statista.com/statistics/605882/size-of-office-area-manhattan-by-submarket/

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   How much office space is available for lease in Manhattan?

   • The group said that the total square footage of office space in Manhattan available for lease — roughly 94 million — has set a record. The vacancy rate of 17.4 percent, however, matched the rate from February 2022, which was the highest since Colliers started tracking the New York City office market in 2000.

   What Record Office Vacancies Mean for New York City’s Economy

   www.nytimes.com/2023/05/05/nyregion/nyc-office-space-vacancy-rates.html

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   Where are the emptiest office buildings in Manhattan?

   • Manhattan neighborhoods with some of the emptiest office buildings include the Financial District in Lower Manhattan (25.6 percent vacant) and around Times Square in Midtown (19.9 percent), according to JLL. There is a record 94 million square feet of vacant office space in Manhattan, according to the firm Colliers.

   What Record Office Vacancies Mean for New York City’s Economy

   www.nytimes.com/2023/05/05/nyregion/nyc-office-space-vacancy-rates.html

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   How many office workers work in New York City?

   • 1.6 million City residents worked in the office sector in New York City in 2019.6 Office workers tend to exhibit different economic and demographic characteristics from nonoffice workers. Office workers are less likely to reside in the City than workers in other sectors (70 percent compared to 81 percent).

   The Office Sector in New York City - Office of the New York State

   www.osc.state.ny.us/files/reports/osdc/pdf/report-11-2022.pdf

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   Where are the most office jobs in Manhattan?

   • The majority of office jobs are in Manhattan. Of the three major business districts in Manhattan (Midtown, Midtown South, and Downtown; see Figure 1), the majority of office sector jobs are located in Midtown, which has more than two-thirds of the total.

   The Office Sector in New York City - Office of the New York State

   www.osc.state.ny.us/files/reports/osdc/pdf/report-11-2022.pdf

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   What's going on with New York City's office vacancy rates in 2021?

   • 4.2 percent in the second quarter of 2021, while vacancy rates are at 18.3 percent, a level not seen in over 30 years in New York City. The full market value of office buildings fell $28.6 billion citywide on the FY 2022 final assessment roll, the first decline in total office property market values since at least FY 2000.

   The Office Sector in New York City - Office of the New York State

   www.osc.state.ny.us/files/reports/osdc/pdf/report-11-2022.pdf

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3. www.statista.com › statistics › 605882Manhattan: total office space by district 2024 - Statista

   www.statista.com › statistics › 605882

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   Apr 24, 2024 · The amount of office space in Midtown Manhattan amounted to 241.3 million square feet in the first quarter of 2024. This was the largest district in terms of office inventory, followed by...

   • Midtown Manhattan

     Colliers International, Average asking rent for office space...

4. www.osc.state.ny.us › files › reportsThe Office Sector in New York City - Office of the New York ...

   www.osc.state.ny.us › files › reports

   Manhattan alone had 463.8 million square feet of office inventory as of the second quarter of calendar year 2021, accounting for nearly 11 percent of all office space in the nation.

   • File Size: 492KB

   • Page Count: 15

5. www.nmrk.com › storage-nmrk › uploadsManhattan Office Market

   www.nmrk.com › storage-nmrk › uploads

   million square feet is slated to deliver across Manhattan over the next 24 months, with 66 Hudson Boulevard, 50 Hudson Yards, 2 Manhattan West, and 550 Washington Street among the largest developments.

6. www.osc.state.ny.us › files › reportsNew York City’s Office Market - Office of the New York ...

   www.osc.state.ny.us › files › reports

   The City’s three main business districts (Midtown, Midtown South, and Downtown Manhattan) together contain 450 million square feet of office space, representing more than one-quarter of all the office space in the nation’s business districts.

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7. therealdeal.com › new-york › 2024/10/097M sf of Manhattan office space have disappeared. Here’s how

   therealdeal.com › new-york › 2024/10/09

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   Oct 9, 2024 · More than 6.5 million square feet have disappeared from Manhattan’s office inventory over the last four years — with most of them slated for residential conversions.

8. www.nytimes.com › 2023/05/05 › nyregionWhat Record Office Vacancies Mean for New York City’s Economy

   www.nytimes.com › 2023/05/05 › nyregion

   May 5, 2023 · There is a record 94 million square feet of vacant office space in Manhattan, according to the firm Colliers. Karsten Moran for The New York Times. Why It Matters: Office buildings tell...

9. commercialobserver.com › 2021 › 08How Class A Space Became the Champ of Manhattan’s Office ...

   commercialobserver.com › 2021 › 08

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   Aug 10, 2021 · Manhattan is due to add more than 25 million square feet of office space from 2022 through 2024, according to Colliers. Most of it will be new, Class A space, converted or brand-new. Things can turn ugly fast when that space doesn’t get used.