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December 2009

December 2009 » Market Analysis » New York Retail Report

December 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 0.29 0.01 0.29 1.7 % -7.34 %
Midtown South Manhattan Retail 0.62 0.0 0.62 2.8 % 1.02 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.3 % 10.84 %
Total Manhattan Retail 1.05 0.02 1.07 2.3 % 4.87 %
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 0.67 0.11 0.78 4.11 % -7.34 %
Midtown South Manhattan Retail 1.4 0.07 1.47 5.42 % abc 1.02 %
Downtown Manhattan Retail 0.33 0.01 0.33 4.23 % 0.0 %
Total Manhattan Retail 2.39 0.19 2.58 % -0.23 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.02 million RSF to 1.07 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
  • Midtown South Retail space vacancies increased from 0.58 million RSF to 0.62 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.
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