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January 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 | 0.31 | 0.01 | 0.32 | 1.5 % | 6.1 % |
| Midtown South Manhattan Retail | 0.62 | 0.02 | 0.64 | 3.3 % | -1.35 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.15 | 2.7 % | -2.07 % |
| Total Manhattan Retail | 1.08 | 0.04 | 1.11 | 2.4 % | 7.21 % |
| 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 | 0.56 | 0.09 | 0.66 | 3.1 % | 6.1 % |
| Midtown South Manhattan Retail | 1.13 | 0.05 | 1.18 | 5.89 % abc | -1.35 % |
| Downtown Manhattan Retail | 0.21 | 0.01 | 0.22 | 3.9 % | 0 % |
| Total Manhattan Retail | 1.9 | 0.15 | 2.06 | % | 0.95 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.03 million RSF to 1.11 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.28 million RSF to 0.32 million RSF.
- Midtown South Retail space vacancies increased from 0.61 million RSF to 0.64 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.
