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February 2007

February 2007 » Market Analysis » New York Retail Report

February 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 0.16 0.02 0.17 1.7 % -11.06 %
Midtown South Manhattan Retail 0.31 0.02 0.34 5.5 % 2.95 %
Downtown Manhattan Retail 0.13 0.0 0.13 4.5 % -1.05 %
Total Manhattan Retail 0.6 0.05 0.64 3.3 % 1.86 %
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 0.42 0.03 0.44 3.95 % -11.06 %
Midtown South Manhattan Retail 0.49 0.15 0.64 9.27 % abc 2.95 %
Downtown Manhattan Retail 0.19 0.0 0.19 6.01 % 0.0 %
Total Manhattan Retail 1.09 0.18 1.28 % -2.5 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.63 million RSF to 0.64 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.17 million RSF.
  • Midtown South Retail space vacancies increased from 0.32 million RSF to 0.34 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.13 million RSF
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