10 Biggest Available Office Spaces: Watch What Happens
Tom Acitelli Jan. 3, 2011, 9:35 p.m.
Total space: 3,048,144
Vacant Space: 640,680
One New York Plaza has always looked a little forlorn hanging out on the southern tip of the island. The 3 million–square–foot megalith looks lonelier now that Goldman Sachs is poised to leave 640,680 square feet of it empty.
Total space: 1,531,034
Vacant space: 694,485
In 2008, the St. John’s Center on Washington Street led the vacancy pack with more than 750,000 square feet of empty space. Merrill Lynch left the 1.5 million–square–foot building in October 2007, and since then landlord Eugene M. Grant has signed a 68,000-square-foot lease with Bloomberg LP.
But with 694,485 square feet empty, the landlord still has a long way to go.
Total space: 1,190,000
Vacant space: 1,074,383 “Desperately anonymous,” as The New York Observer once dubbed it, the former Goldman Sachs headquarters has at last won a hapless title: the emptiest building in Manhattan.
Total space: 1,700,000
Vacant space: 706,360
Once one of Harry Macklowe’s hole-y towers, Worldwide Plaza has been looking less grim since George Comfort & Sons took over. But only a little.
Total space: 1.3 million
Available space: 477,856
It’s not that Donald Trump isn’t good at filling empty office space. It’s that he’s too good.
So Donald Trump Jr. told The Commercial Observer in the sticky days of August, noting that Mr. Trump Sr. signed a raft of tenants when he took over the 1.3 million–square–foot building 15 years ago, meaning that many of those leases expired at the same time.
Total space: 789,826
Available space: 575,606
The 789,826-square-foot former New York Times headquarters opened up in the black month of October 2007, shortly after Africa Israel bought the building for $525 million. The new owner plans to convert it into a hotel and residential development, which will at least make most of that vacant space the residential market’s problem.
Total space: 1,111,960
Vacant space: 705,561
When SJP Properties’ 11 Times Square officially opens next month, the only thing swimming in the 40-story fish tank on 42nd Street will be a bunch of lawyers.
Total space: 1,100,000
Available space: 513,378
AIG sold the 1.1 million–square–foot building to local developer Young Woo & Associates and a Korean banking partner in June 2009. Asian investors may be snapping up Manhattan office towers, but it remains an open question if they’ll have more luck leasing them.
Total space: 2,768,591
Vacant space: 611,614
The Empire State Building is the exception in that its holes weren’t punched either directly or indirectly by the Great Recession. That is, 611,614 square feet are available in the 2.8 million–square–foot building owned by W & H Properties,