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December 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 | 0.28 | 0.01 | 0.28 | 1.4 % | 3.57 % |
| Midtown South Manhattan Retail | 0.6 | 0.01 | 0.61 | 3.0 % | 2.09 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.14 | 2.7 % | 8.11 % |
| Total Manhattan Retail | 1.01 | 0.02 | 1.03 | 2.3 % | 3.92 % |
| 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 | 0.53 | 0.09 | 0.62 | 2.91 % | 3.57 % |
| Midtown South Manhattan Retail | 1.16 | 0.04 | 1.2 | 5.32 % abc | 2.09 % |
| Downtown Manhattan Retail | 0.21 | 0.01 | 0.22 | 3.81 % | 0 % |
| Total Manhattan Retail | 1.9 | 0.14 | 2.04 | % | 3.19 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.03 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.28 million RSF.
- Midtown South Retail space vacancies increased from 0.58 million RSF to 0.61 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.
