market research

February 2009

February 2009 » Market Analysis » New York Retail Report

February 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 0.28 0.02 0.3 1.6 % -2.5 %
Midtown South Manhattan Retail 0.67 0.01 0.68 3.6 % 7.58 %
Downtown Manhattan Retail 0.15 0.01 0.16 2.8 % 15.86 %
Total Manhattan Retail 1.1 0.04 1.14 2.7 % 2.21 %
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 0.54 0.1 0.64 3.38 % -2.5 %
Midtown South Manhattan Retail 1.22 0.06 1.28 6.19 % abc 7.58 %
Downtown Manhattan Retail 0.24 0.01 0.26 4.51 % 0.0 %
Total Manhattan Retail 2.0 0.18 2.18 % 5.6 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.11 million RSF to 1.14 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.32 million RSF to 0.3 million RSF
  • Midtown South Retail space vacancies increased from 0.64 million RSF to 0.68 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.16 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