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May 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 | 0.27 | 0.02 | 0.29 | 1.6 % | 2.5 % |
| Midtown South Manhattan Retail | 0.62 | 0.01 | 0.63 | 3.0 % | 6.55 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.16 | 2.7 % | -4.75 % |
| Total Manhattan Retail | 1.04 | 0.04 | 1.07 | 2.4 % | 2.44 % |
| 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 | 0.61 | 0.11 | 0.72 | 3.79 % | 2.5 % |
| Midtown South Manhattan Retail | 1.39 | 0.08 | 1.47 | 6.51 % abc | 6.55 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.25 | 4.32 % | 0 % |
| Total Manhattan Retail | 2.23 | 0.2 | 2.44 | % | 4.18 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.07 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
- Midtown South Retail space vacancies increased from 0.6 million RSF to 0.63 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
