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October 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 | 0.24 | 0.01 | 0.25 | 1.3 % | -1.86 % |
| Midtown South Manhattan Retail | 0.6 | 0.01 | 0.61 | 2.9 % | -4.9 % |
| Downtown Manhattan Retail | 0.16 | 0.01 | 0.16 | 2.1 % | 5.47 % |
| Total Manhattan Retail | 0.99 | 0.02 | 1.01 | 2.1 % | -5.92 % |
| 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 | 0.36 | 0.07 | 0.43 | 2.11 % | -1.86 % |
| Midtown South Manhattan Retail | 1.11 | 0.03 | 1.14 | 5.06 % abc | -4.9 % |
| Downtown Manhattan Retail | 0.16 | 0.01 | 0.16 | 2.9 % | 0 % |
| Total Manhattan Retail | 1.63 | 0.11 | 1.74 | % | -3.17 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.07 million RSF to 1.01 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
- Midtown South Retail space vacancies decreased from 0.72 million RSF to 0.61 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.1 million RSF to 0.16 million RSF.
