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August 2009

August 2009 » Market Analysis » New York Retail Report

August 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 0.23 0.02 0.25 1.7 % -4.25 %
Midtown South Manhattan Retail 0.62 0.01 0.63 3.0 % -3.02 %
Downtown Manhattan Retail 0.12 0.01 0.14 2.3 % 7.64 %
Total Manhattan Retail 0.97 0.04 1.01 2.4 % -3.37 %
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 0.66 0.19 0.85 4.58 % -4.25 %
Midtown South Manhattan Retail 1.48 0.07 1.55 6.47 % abc -3.02 %
Downtown Manhattan Retail 0.28 0.01 0.29 4.75 % 0.0 %
Total Manhattan Retail 2.42 0.27 2.69 % -2.27 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.04 million RSF to 1.01 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.28 million RSF to 0.25 million RSF
  • Midtown South Retail space vacancies stayed at 0.63 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.
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