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June 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 | 0.17 | 0.0 | 0.17 | 2.0 % | 11.65 % |
| Midtown South Manhattan Retail | 0.52 | 0.13 | 0.65 | 6.9 % | 5.96 % |
| Downtown Manhattan Retail | 0.14 | 0.0 | 0.15 | 4.2 % | 8.41 % |
| Total Manhattan Retail | 0.84 | 0.14 | 0.97 | 4.3 % | 7.72 % |
| 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 | 0.34 | 0.02 | 0.37 | 3.14 % | 11.65 % |
| Midtown South Manhattan Retail | 0.81 | 0.13 | 0.94 | 8.71 % abc | 5.96 % |
| Downtown Manhattan Retail | 0.22 | 0.0 | 0.23 | 6.29 % | 0 % |
| Total Manhattan Retail | 1.38 | 0.16 | 1.54 | % | 7.69 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.9 million RSF to 0.97 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.12 million RSF to 0.17 million RSF.
- Midtown South Retail space vacancies stayed at 0.65 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.15 million RSF.
