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October 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 | 0.23 | 0.01 | 0.23 | 1.5 % | -5.28 % |
| Midtown South Manhattan Retail | 0.6 | 0.01 | 0.61 | 2.9 % | -2.94 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.15 | 2.2 % | 6.73 % |
| Total Manhattan Retail | 0.97 | 0.03 | 1.0 | 2.3 % | 2.1 % |
| 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 | 0.63 | 0.14 | 0.78 | 4.21 % | -5.28 % |
| Midtown South Manhattan Retail | 1.39 | 0.07 | 1.46 | 5.52 % abc | -2.94 % |
| Downtown Manhattan Retail | 0.3 | 0.01 | 0.31 | 4.36 % | 0 % |
| Total Manhattan Retail | 2.32 | 0.23 | 2.55 | % | -2.47 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.0 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.24 million RSF to 0.23 million RSF
- Midtown South Retail space vacancies increased from 0.6 million RSF to 0.61 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.
