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April 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 | 0.27 | 0.02 | 0.29 | 1.6 % | 8.55 % |
| Midtown South Manhattan Retail | 0.59 | 0.01 | 0.6 | 3.0 % | 2.55 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.16 | 2.8 % | 1.13 % |
| Total Manhattan Retail | 1.01 | 0.04 | 1.05 | 2.4 % | -9.31 % |
| 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 | 0.57 | 0.13 | 0.7 | 3.7 % | 8.55 % |
| Midtown South Manhattan Retail | 1.3 | 0.07 | 1.37 | 5.98 % abc | 2.55 % |
| Downtown Manhattan Retail | 0.25 | 0.01 | 0.26 | 4.54 % | 0.0 % |
| Total Manhattan Retail | 2.12 | 0.21 | 2.34 | % | 4.19 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.14 million RSF to 1.05 million RSF
- Midtown Manhattan Retail vacancy increased from 0.27 million RSF to 0.29 million RSF.
- Midtown South Retail space vacancies decreased from 0.71 million RSF to 0.6 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
