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February 2009 » Market Analysis » New York Retail Report
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| 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.
