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December 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 | 0.21 | 0.0 | 0.21 | 1.5 % | 13.22 % |
| Midtown South Manhattan Retail | 0.62 | 0.13 | 0.75 | 5.7 % | 0.48 % |
| Downtown Manhattan Retail | 0.07 | 0.0 | 0.07 | 2.2 % | -14.49 % |
| Total Manhattan Retail | 0.9 | 0.13 | 1.03 | 3.3 % | 4.16 % |
| 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 | 0.4 | 0.07 | 0.47 | 3.08 % | 13.22 % |
| Midtown South Manhattan Retail | 0.91 | 0.13 | 1.04 | 7.39 % abc | 0.48 % |
| Downtown Manhattan Retail | 0.14 | 0.0 | 0.14 | 3.04 % | 0 % |
| Total Manhattan Retail | 1.44 | 0.2 | 1.65 | % | 2.85 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.03 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.22 million RSF to 0.21 million RSF
- Midtown South Retail space vacancies increased from 0.7 million RSF to 0.75 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.07 million RSF.
