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July 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 | 0.25 | 0.01 | 0.26 | 1.3 % | -10.17 % |
| Midtown South Manhattan Retail | 0.63 | 0.13 | 0.76 | 4.0 % | 4.92 % |
| Downtown Manhattan Retail | 0.08 | 0.01 | 0.09 | 1.8 % | -4.35 % |
| Total Manhattan Retail | 0.96 | 0.14 | 1.11 | 2.5 % | 0.81 % |
| 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 | 0.04 | 0.47 | 2.17 % | -10.17 % |
| Midtown South Manhattan Retail | 1.03 | 0.15 | 1.18 | 5.75 % abc | 4.92 % |
| Downtown Manhattan Retail | 0.16 | 0.01 | 0.16 | 2.97 % | 0 % |
| Total Manhattan Retail | 1.62 | 0.19 | 1.81 | % | 0.17 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.11 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.26 million RSF.
- Midtown South Retail space vacancies increased from 0.74 million RSF to 0.76 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.09 million RSF
