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February 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 | 0.23 | 0.0 | 0.23 | 1.5 % | 8.18 % |
| Midtown South Manhattan Retail | 0.6 | 0.12 | 0.73 | 5.5 % | -4.24 % |
| Downtown Manhattan Retail | 0.09 | 0.01 | 0.09 | 2.1 % | 5.44 % |
| Total Manhattan Retail | 0.92 | 0.13 | 1.05 | 3.2 % | -0.76 % |
| 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 | 0.43 | 0.07 | 0.5 | 2.95 % | 8.18 % |
| Midtown South Manhattan Retail | 0.83 | 0.13 | 0.97 | 6.61 % abc | -4.24 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.15 | 2.78 % | 0 % |
| Total Manhattan Retail | 1.41 | 0.21 | 1.61 | % | 0.5 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.06 million RSF to 1.05 million RSF
- Midtown Manhattan Retail vacancy increased from 0.21 million RSF to 0.23 million RSF.
- Midtown South Retail space vacancies decreased from 0.77 million RSF to 0.73 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.08 million RSF to 0.09 million RSF.
