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April 2008

April 2008 » Market Analysis » New York Retail Report
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April 2008 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 0.24 0.01 0.24 1.6 % -2.64 %
Midtown South Manhattan Retail 0.64 0.13 0.76 5.4 % 10.41 %
Downtown Manhattan Retail 0.1 0.01 0.11 2.3 % 7.78 %
Total Manhattan Retail 0.98 0.14 1.12 3.2 % 4.03 %
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 0.47 0.07 0.53 3.04 % -2.64 %
Midtown South Manhattan Retail 0.93 0.16 1.09 6.95 % abc 10.41 %
Downtown Manhattan Retail 0.16 0.01 0.17 3.15 % 0.0 %
Total Manhattan Retail 1.56 0.23 1.78 % 6.28 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.07 million RSF to 1.12 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.24 million RSF
  • Midtown South Retail space vacancies increased from 0.72 million RSF to 0.76 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.1 million RSF to 0.11 million RSF.
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