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August 2007 » 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 | 0.19 | 0.01 | 0.19 | 1.9 % | -0.25 % |
| Midtown South Manhattan Retail | 0.54 | 0.13 | 0.67 | 7.2 % | -0.21 % |
| Downtown Manhattan Retail | 0.12 | 0.0 | 0.12 | 3.4 % | -6.47 % |
| Total Manhattan Retail | 0.85 | 0.13 | 0.98 | 4.2 % | -2.04 % |
| 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 | 0.38 | 0.03 | 0.4 | 3.34 % | -0.25 % |
| Midtown South Manhattan Retail | 0.84 | 0.13 | 0.97 | 9.04 % abc | -0.21 % |
| Downtown Manhattan Retail | 0.2 | 0.0 | 0.2 | 5.58 % | 0.0 % |
| Total Manhattan Retail | 1.42 | 0.16 | 1.57 | % | -1.02 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.98 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.19 million RSF.
- Midtown South Retail space vacancies stayed at 0.67 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.12 million RSF
