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August 2008 » 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 | 0.24 | 0.01 | 0.25 | 1.4 % | -12.65 % |
| Midtown South Manhattan Retail | 0.63 | 0.13 | 0.76 | 4.2 % | -0.34 % |
| Downtown Manhattan Retail | 0.08 | 0.01 | 0.09 | 1.9 % | -3.87 % |
| Total Manhattan Retail | 0.95 | 0.14 | 1.1 | 2.7 % | -0.82 % |
| 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 | 0.34 | 0.07 | 0.42 | 2.13 % | -12.65 % |
| Midtown South Manhattan Retail | 1.03 | 0.15 | 1.17 | 5.92 % abc | -0.34 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.15 | 2.85 % | 0 % |
| Total Manhattan Retail | 1.52 | 0.23 | 1.75 | % | -3.6 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.11 million RSF to 1.1 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.26 million RSF to 0.25 million RSF
- Midtown South Retail space vacancies stayed at 0.76 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.09 million RSF.
