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April 2009

April 2009 » Market Analysis » New York Retail Report

April 2009 NYC 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 0.27 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.
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