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June 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 | 0.24 | 0.01 | 0.24 | 1.4 % | -1.54 % |
| Midtown South Manhattan Retail | 0.62 | 0.13 | 0.74 | 4.6 % | 2.41 % |
| Downtown Manhattan Retail | 0.11 | 0.01 | 0.11 | 2.3 % | -7.74 % |
| Total Manhattan Retail | 0.96 | 0.14 | 1.1 | 2.8 % | 1.0 % |
| 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 | 0.09 | 0.52 | 2.65 % | -1.54 % |
| Midtown South Manhattan Retail | 0.96 | 0.16 | 1.12 | 6.48 % abc | 2.41 % |
| Downtown Manhattan Retail | 0.16 | 0.01 | 0.17 | 3.1 % | 0 % |
| Total Manhattan Retail | 1.55 | 0.26 | 1.81 | % | 0.33 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.09 million RSF to 1.1 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.23 million RSF to 0.24 million RSF.
- Midtown South Retail space vacancies increased from 0.72 million RSF to 0.74 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF
