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August 2008

August 2008 » Market Analysis » New York Retail Report
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August 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 0.25 1.4 % -12.65 %
Midtown South Manhattan Retail 0.63 0.13 0.76 4.2 % -0.34 %
Downtown Manhattan Retail 0.08 0.01 0.09 1.9 % -3.87 %
Total Manhattan Retail 0.95 0.14 1.1 2.7 % -0.82 %
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 0.34 0.07 0.42 2.13 % -12.65 %
Midtown South Manhattan Retail 1.03 0.15 1.17 5.92 % abc -0.34 %
Downtown Manhattan Retail 0.15 0.01 0.15 2.85 % 0.0 %
Total Manhattan Retail 1.52 0.23 1.75 % -3.6 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.11 million RSF to 1.1 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.26 million RSF to 0.25 million RSF
  • Midtown South Retail space vacancies stayed at 0.76 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.09 million RSF.
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