market research

February 2008

February 2008 » Market Analysis » New York Retail Report

February 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 0.23 0.0 0.23 1.5 % 8.18 %
Midtown South Manhattan Retail 0.6 0.12 0.73 5.5 % -4.24 %
Downtown Manhattan Retail 0.09 0.01 0.09 2.1 % 5.44 %
Total Manhattan Retail 0.92 0.13 1.05 3.2 % -0.76 %
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 0.43 0.07 0.5 2.95 % 8.18 %
Midtown South Manhattan Retail 0.83 0.13 0.97 6.61 % abc -4.24 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.78 % 0.0 %
Total Manhattan Retail 1.41 0.21 1.61 % 0.5 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.06 million RSF to 1.05 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.21 million RSF to 0.23 million RSF.
  • Midtown South Retail space vacancies decreased from 0.77 million RSF to 0.73 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.08 million RSF to 0.09 million RSF.
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building