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September 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 | 0.22 | 0.02 | 0.24 | 1.6 % | -3.67 % |
| Midtown South Manhattan Retail | 0.59 | 0.0 | 0.6 | 2.6 % | -3.32 % |
| Downtown Manhattan Retail | 0.13 | 0.01 | 0.14 | 2.2 % | 1.03 % |
| Total Manhattan Retail | 0.95 | 0.03 | 0.98 | 2.2 % | -3.38 % |
| 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 | 0.66 | 0.16 | 0.82 | 4.43 % | -3.67 % |
| Midtown South Manhattan Retail | 1.44 | 0.06 | 1.5 | 5.81 % abc | -3.32 % |
| Downtown Manhattan Retail | 0.28 | 0.01 | 0.29 | 4.15 % | 0 % |
| Total Manhattan Retail | 2.38 | 0.23 | 2.61 | % | -2.95 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.98 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.24 million RSF
- Midtown South Retail space vacancies decreased from 0.63 million RSF to 0.6 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.
