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That is especially true in Midtown, which has 163 million square feet of Class A space and 71 million square feet of Class B, according to Colliers.
Long Island has 12.8 million square feet of Class A office space, according to Cushman & Wakefield.
The Uptown area has 1.6 million square feet of Class A space commanding $23 to $28 a square foot, and 1.1 million square feet of Class B space that runs $18 to $23 a square foot.
Also, soon to become available is 450,000 square feet of Class A space at the former Telcordia Technologies campus at One River Center in Middletown.
Mack-Cali owns five other office buildings totaling more than three million square feet of Class A office space at Harborside Financial Center.
It has only about eight million square feet of Class A space, compared to nearly 180 million square feet in Midtown.
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Despite the addition of 2.7 million square feet of new Class A space, the brokerage reported, the vacancy rate for last year dropped 0.1percentt from the previous year's 8.5percentt.
But, Mr. Merin said, the future of the front portion of the site is to replace the mostly older office buildings with up to 700,000 square feet of new Class A space -- or a mix of such office space and a hotel.
In one instance, Benjamin Development offered to waive the rent on up to 120,000 square feet of new Class A space near the federal courthouse in Central Islip for up to three months for any displaced companies, but there were no takers.
Already with more than 18 million square feet of mostly Class A office space, SLG will gain five major Manhattan buildings, including 1350 Sixth Avenue, 1185 Sixth Avenue and 919 Third Avenue.
Altogether, Wilmington has about 5.1 million square feet of all classes of office space, not including buildings owned and occupied by corporations.
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