Available Class A office space climbing

The amount of available Class A office space, including direct and sublease space, in Manhattan has been steadily increasing since September of last year, according to Colliers ABR. The total amount of available space was up to about 20 million square feet last month, about 5 percent of the borough’s total office space. The vacancy rate for Class A office space is currently about 8.7 percent, the highest since September 2005.