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April 2007

April 2007 » Market Analysis » New York Retail Report

April 2007 New York Retail Space Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.12 0.01 0.14 1.7 % -13.76 %
Midtown South Manhattan Retail 0.49 0.04 0.54 6.1 % 21.8 %
Downtown Manhattan Retail 0.13 0.0 0.14 4.5 % -2.78 %
Total Manhattan Retail 0.75 0.06 0.81 3.7 % 14.34 %
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 0.37 0.04 0.41 3.54 % -13.76 %
Midtown South Manhattan Retail 0.72 0.13 0.84 9.28 % abc 21.8 %
Downtown Manhattan Retail 0.21 0.0 0.22 5.96 % 0.0 %
Total Manhattan Retail 1.3 0.17 1.47 % 8.32 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.69 million RSF to 0.81 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.18 million RSF to 0.14 million RSF
  • Midtown South Retail space vacancies increased from 0.36 million RSF to 0.54 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF
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