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January 2007 » 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 | 0.16 | 0.01 | 0.17 | 1.7 % | 3.86 % |
| Midtown South Manhattan Retail | 0.3 | 0.02 | 0.32 | 5.3 % | -4.8 % |
| Downtown Manhattan Retail | 0.13 | 0.0 | 0.14 | 5.9 % | 7.25 % |
| Total Manhattan Retail | 0.59 | 0.04 | 0.63 | 3.5 % | -22.31 % |
| 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 | 0.47 | 0.03 | 0.49 | 4.63 % | 3.86 % |
| Midtown South Manhattan Retail | 0.47 | 0.15 | 0.63 | 9.27 % abc | -4.8 % |
| Downtown Manhattan Retail | 0.19 | 0.0 | 0.19 | 7.09 % | 0.0 % |
| Total Manhattan Retail | 1.13 | 0.18 | 1.31 | % | 0.23 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.77 million RSF to 0.63 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.17 million RSF.
- Midtown South Retail space vacancies decreased from 0.46 million RSF to 0.32 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.
