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May 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 | 0.12 | 0.0 | 0.12 | 1.6 % | -24.85 % |
| Midtown South Manhattan Retail | 0.52 | 0.13 | 0.65 | 7.0 % | 4.52 % |
| Downtown Manhattan Retail | 0.12 | 0.0 | 0.13 | 3.6 % | -4.35 % |
| Total Manhattan Retail | 0.76 | 0.14 | 0.9 | 4.1 % | 9.81 % |
| 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 | 0.3 | 0.02 | 0.33 | 2.82 % | -24.85 % |
| Midtown South Manhattan Retail | 0.75 | 0.13 | 0.88 | 8.62 % abc | 4.52 % |
| Downtown Manhattan Retail | 0.2 | 0.0 | 0.21 | 5.69 % | 0 % |
| Total Manhattan Retail | 1.26 | 0.16 | 1.42 | % | -3.53 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.9 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.14 million RSF to 0.12 million RSF
- Midtown South Retail space vacancies increased from 0.54 million RSF to 0.65 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.13 million RSF
