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January 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 | 0.21 | 0.0 | 0.21 | 1.5 % | -1.96 % |
| Midtown South Manhattan Retail | 0.65 | 0.13 | 0.77 | 5.5 % | -3.17 % |
| Downtown Manhattan Retail | 0.08 | 0.0 | 0.08 | 2.1 % | 0.72 % |
| Total Manhattan Retail | 0.93 | 0.13 | 1.06 | 3.2 % | 2.36 % |
| 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 | 0.39 | 0.07 | 0.46 | 2.97 % | -1.96 % |
| Midtown South Manhattan Retail | 0.87 | 0.14 | 1.01 | 7.16 % abc | -3.17 % |
| Downtown Manhattan Retail | 0.14 | 0.0 | 0.14 | 3.06 % | 0 % |
| Total Manhattan Retail | 1.4 | 0.2 | 1.61 | % | -2.49 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.03 million RSF to 1.06 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.21 million RSF.
- Midtown South Retail space vacancies increased from 0.75 million RSF to 0.77 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.07 million RSF to 0.08 million RSF.
