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October 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 | 0.19 | 0.01 | 0.19 | 1.7 % | -11.88 % |
| Midtown South Manhattan Retail | 0.58 | 0.12 | 0.71 | 5.9 % | 7.35 % |
| Downtown Manhattan Retail | 0.11 | 0.0 | 0.11 | 2.7 % | -4.66 % |
| Total Manhattan Retail | 0.88 | 0.13 | 1.01 | 3.6 % | 0.99 % |
| 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 | 0.35 | 0.01 | 0.36 | 2.71 % | -11.88 % |
| Midtown South Manhattan Retail | 0.94 | 0.13 | 1.07 | 8.07 % abc | 7.35 % |
| Downtown Manhattan Retail | 0.19 | 0.0 | 0.19 | 4.58 % | 0 % |
| Total Manhattan Retail | 1.49 | 0.14 | 1.63 | % | 1.66 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.0 million RSF to 1.01 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.22 million RSF to 0.19 million RSF
- Midtown South Retail space vacancies increased from 0.66 million RSF to 0.71 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF
