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December 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 | 0.29 | 0.01 | 0.29 | 1.7 % | -7.34 % |
| Midtown South Manhattan Retail | 0.62 | 0.0 | 0.62 | 2.8 % | 1.02 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.15 | 2.3 % | 10.84 % |
| Total Manhattan Retail | 1.05 | 0.02 | 1.07 | 2.3 % | 4.87 % |
| 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 | 0.67 | 0.11 | 0.78 | 4.11 % | -7.34 % |
| Midtown South Manhattan Retail | 1.4 | 0.07 | 1.47 | 5.42 % abc | 1.02 % |
| Downtown Manhattan Retail | 0.33 | 0.01 | 0.33 | 4.23 % | 0 % |
| Total Manhattan Retail | 2.39 | 0.19 | 2.58 | % | -0.23 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.02 million RSF to 1.07 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
- Midtown South Retail space vacancies increased from 0.58 million RSF to 0.62 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.
