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August 2009 » 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 | 0.23 | 0.02 | 0.25 | 1.7 % | -4.25 % |
| Midtown South Manhattan Retail | 0.62 | 0.01 | 0.63 | 3.0 % | -3.02 % |
| Downtown Manhattan Retail | 0.12 | 0.01 | 0.14 | 2.3 % | 7.64 % |
| Total Manhattan Retail | 0.97 | 0.04 | 1.01 | 2.4 % | -3.37 % |
| 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 | 0.66 | 0.19 | 0.85 | 4.58 % | -4.25 % |
| Midtown South Manhattan Retail | 1.48 | 0.07 | 1.55 | 6.47 % abc | -3.02 % |
| Downtown Manhattan Retail | 0.28 | 0.01 | 0.29 | 4.75 % | 0 % |
| Total Manhattan Retail | 2.42 | 0.27 | 2.69 | % | -2.27 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.04 million RSF to 1.01 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.28 million RSF to 0.25 million RSF
- Midtown South Retail space vacancies stayed at 0.63 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.
