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April 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 | 0.24 | 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.
