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December 2007

December 2007 » Market Analysis » New York Retail Report

December 2007 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 0.21 0.0 0.21 1.5 % 13.22 %
Midtown South Manhattan Retail 0.62 0.13 0.75 5.7 % 0.48 %
Downtown Manhattan Retail 0.07 0.0 0.07 2.2 % -14.49 %
Total Manhattan Retail 0.9 0.13 1.03 3.3 % 4.16 %
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 0.4 0.07 0.47 3.08 % 13.22 %
Midtown South Manhattan Retail 0.91 0.13 1.04 7.39 % abc 0.48 %
Downtown Manhattan Retail 0.14 0.0 0.14 3.04 % 0.0 %
Total Manhattan Retail 1.44 0.2 1.65 % 2.85 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.03 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.22 million RSF to 0.21 million RSF
  • Midtown South Retail space vacancies increased from 0.7 million RSF to 0.75 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.07 million RSF.
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