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April 2007 » Market Analysis » New York Retail Report
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| NEW YORK RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Retail | 0.12 | 0.01 | 0.14 | 1.7 % | -13.76 % |
| Midtown South Manhattan Retail | 0.49 | 0.04 | 0.54 | 6.1 % | 21.8 % |
| Downtown Manhattan Retail | 0.13 | 0.0 | 0.14 | 4.5 % | -2.78 % |
| Total Manhattan Retail | 0.75 | 0.06 | 0.81 | 3.7 % | 14.34 % |
| NEW YORK RETAIL VACANT SPACE NOW AND IN THE NEXT TWO YEARS (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
| Midtown Manhattan Retail | 0.37 | 0.04 | 0.41 | 3.54 % | -13.76 % |
| Midtown South Manhattan Retail | 0.72 | 0.13 | 0.84 | 9.28 % abc | 21.8 % |
| Downtown Manhattan Retail | 0.21 | 0.0 | 0.22 | 5.96 % | 0 % |
| Total Manhattan Retail | 1.3 | 0.17 | 1.47 | % | 8.32 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.69 million RSF to 0.81 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.18 million RSF to 0.14 million RSF
- Midtown South Retail space vacancies increased from 0.36 million RSF to 0.54 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF
