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July 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 | 0.19 | 0.01 | 0.19 | 1.9 % | 8.21 % |
| Midtown South Manhattan Retail | 0.54 | 0.13 | 0.67 | 7.1 % | 3.39 % |
| Downtown Manhattan Retail | 0.14 | 0.0 | 0.14 | 4.0 % | -5.61 % |
| Total Manhattan Retail | 0.86 | 0.13 | 1.0 | 4.3 % | 2.61 % |
| 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 | 0.38 | 0.03 | 0.4 | 3.35 % | 8.21 % |
| Midtown South Manhattan Retail | 0.84 | 0.13 | 0.97 | 9.18 % abc | 3.39 % |
| Downtown Manhattan Retail | 0.21 | 0.0 | 0.21 | 5.99 % | 0 % |
| Total Manhattan Retail | 1.43 | 0.16 | 1.59 | % | 3.4 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.0 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.17 million RSF to 0.19 million RSF.
- Midtown South Retail space vacancies increased from 0.65 million RSF to 0.67 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF
