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June 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 | 0.26 | 0.02 | 0.28 | 1.6 % | 12.83 % |
| Midtown South Manhattan Retail | 0.62 | 0.01 | 0.63 | 3.2 % | 6.62 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.15 | 2.6 % | 14.41 % |
| Total Manhattan Retail | 1.02 | 0.03 | 1.05 | 2.4 % | -1.93 % |
| 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 | 0.68 | 0.15 | 0.83 | 4.32 % | 12.83 % |
| Midtown South Manhattan Retail | 1.49 | 0.08 | 1.57 | 6.93 % abc | 6.62 % |
| Downtown Manhattan Retail | 0.27 | 0.03 | 0.3 | 5.1 % | 0 % |
| Total Manhattan Retail | 2.44 | 0.25 | 2.69 | % | 9.38 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.07 million RSF to 1.05 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.29 million RSF to 0.28 million RSF
- Midtown South Retail space vacancies stayed at 0.63 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.15 million RSF
