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September 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 | 0.25 | 0.01 | 0.25 | 1.4 % | 4.34 % |
| Midtown South Manhattan Retail | 0.59 | 0.13 | 0.72 | 3.7 % | 2.0 % |
| Downtown Manhattan Retail | 0.09 | 0.01 | 0.1 | 2.0 % | 0.26 % |
| Total Manhattan Retail | 0.93 | 0.14 | 1.07 | 2.5 % | -2.24 % |
| 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 | 0.44 | 2.21 % | 4.34 % |
| Midtown South Manhattan Retail | 1.05 | 0.14 | 1.2 | 5.61 % abc | 2.0 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.16 | 2.73 % | 0 % |
| Total Manhattan Retail | 1.57 | 0.23 | 1.79 | % | 2.42 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.1 million RSF to 1.07 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
- Midtown South Retail space vacancies decreased from 0.76 million RSF to 0.72 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.09 million RSF to 0.1 million RSF.
