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December 2008

December 2008 » Market Analysis » New York Retail Report

December 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 0.28 0.01 0.28 1.4 % 3.57 %
Midtown South Manhattan Retail 0.6 0.01 0.61 3.0 % 2.09 %
Downtown Manhattan Retail 0.14 0.01 0.14 2.7 % 8.11 %
Total Manhattan Retail 1.01 0.02 1.03 2.3 % 3.92 %
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 0.53 0.09 0.62 2.91 % 3.57 %
Midtown South Manhattan Retail 1.16 0.04 1.2 5.32 % abc 2.09 %
Downtown Manhattan Retail 0.21 0.01 0.22 3.81 % 0.0 %
Total Manhattan Retail 1.9 0.14 2.04 % 3.19 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.03 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.28 million RSF.
  • Midtown South Retail space vacancies increased from 0.58 million RSF to 0.61 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.
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