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March 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 | 0.01 | 0.18 | 1.9 % | 4.32 % |
| Midtown South Manhattan Retail | 0.34 | 0.02 | 0.36 | 5.6 % | 2.42 % |
| Downtown Manhattan Retail | 0.15 | 0.0 | 0.15 | 4.7 % | 13.96 % |
| Total Manhattan Retail | 0.65 | 0.04 | 0.69 | 3.6 % | 7.07 % |
| 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 | 0.42 | 0.04 | 0.46 | 4.1 % | 4.32 % |
| Midtown South Manhattan Retail | 0.51 | 0.15 | 0.66 | 9.05 % abc | 2.42 % |
| Downtown Manhattan Retail | 0.22 | 0.0 | 0.22 | 6.36 % | 0 % |
| Total Manhattan Retail | 1.15 | 0.2 | 1.34 | % | 4.98 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.64 million RSF to 0.69 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.17 million RSF to 0.18 million RSF.
- Midtown South Retail space vacancies increased from 0.34 million RSF to 0.36 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.15 million RSF.
