10 Biggest Available Office Spaces: Watch What Happens



SEE ALSO: Manhattan Office Leasing Activity Drops by a Third: Report
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.

Property Shark

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.

Property Shark

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.

Property Shark

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,

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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.

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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.

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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.

Property Shark

Total space: 618,122 Available space: 538,493 Much like its former namesake tenant, you can slap a shiny new facade on 3 Columbus Circle, but that might not be enough to revive it. As Joseph Moinian and creditor the Related Companies battle for the former Newsweek headquarters, Mr. Moinian has raised the rents and tried to scare off new tenants. He’s openly professed to having bought the glass-encased brick building so he can tear it down and replace it with something less aesthetically challenged.

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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: 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.

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