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November 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 | 0.21 | 0.01 | 0.22 | 1.5 % | 11.06 % |
| Midtown South Manhattan Retail | 0.58 | 0.12 | 0.7 | 5.6 % | -3.86 % |
| Downtown Manhattan Retail | 0.07 | 0.0 | 0.07 | 1.9 % | -22.15 % |
| Total Manhattan Retail | 0.86 | 0.13 | 0.99 | 3.3 % | -2.02 % |
| 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 | 0.39 | 0.01 | 0.41 | 2.78 % | 11.06 % |
| Midtown South Manhattan Retail | 0.9 | 0.13 | 1.04 | 7.55 % abc | -3.86 % |
| Downtown Manhattan Retail | 0.16 | 0.0 | 0.16 | 3.49 % | 0 % |
| Total Manhattan Retail | 1.45 | 0.15 | 1.6 | % | -1.87 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.99 million RSF
- Midtown Manhattan Retail vacancy increased from 0.19 million RSF to 0.22 million RSF.
- Midtown South Retail space vacancies decreased from 0.71 million RSF to 0.7 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.07 million RSF
