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November 2008 » 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 | 0.01 | 0.28 | 1.4 % | 27.61 % |
| Midtown South Manhattan Retail | 0.57 | 0.01 | 0.58 | 2.9 % | 2.56 % |
| Downtown Manhattan Retail | 0.13 | 0.01 | 0.14 | 2.7 % | 19.41 % |
| Total Manhattan Retail | 0.97 | 0.02 | 0.99 | 2.2 % | -1.96 % |
| 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 | 0.49 | 0.1 | 0.59 | 2.82 % | 27.61 % |
| Midtown South Manhattan Retail | 1.15 | 0.02 | 1.17 | 5.23 % abc | 2.56 % |
| Downtown Manhattan Retail | 0.19 | 0.01 | 0.2 | 3.53 % | 0 % |
| Total Manhattan Retail | 1.84 | 0.13 | 1.97 | % | 11.85 % |
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 0.25 million RSF to 0.28 million RSF.
- Midtown South Retail space vacancies decreased from 0.61 million RSF to 0.58 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.14 million RSF
