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February 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 | 0.16 | 0.02 | 0.17 | 1.7 % | -11.06 % |
| Midtown South Manhattan Retail | 0.31 | 0.02 | 0.34 | 5.5 % | 2.95 % |
| Downtown Manhattan Retail | 0.13 | 0.0 | 0.13 | 4.5 % | -1.05 % |
| Total Manhattan Retail | 0.6 | 0.05 | 0.64 | 3.3 % | 1.86 % |
| 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 | 0.42 | 0.03 | 0.44 | 3.95 % | -11.06 % |
| Midtown South Manhattan Retail | 0.49 | 0.15 | 0.64 | 9.27 % abc | 2.95 % |
| Downtown Manhattan Retail | 0.19 | 0.0 | 0.19 | 6.01 % | 0 % |
| Total Manhattan Retail | 1.09 | 0.18 | 1.28 | % | -2.5 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.63 million RSF to 0.64 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.17 million RSF.
- Midtown South Retail space vacancies increased from 0.32 million RSF to 0.34 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.13 million RSF
