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January 2008

January 2008 » Market Analysis » New York Retail Report

January 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 0.21 0.0 0.21 1.5 % -1.96 %
Midtown South Manhattan Retail 0.65 0.13 0.77 5.5 % -3.17 %
Downtown Manhattan Retail 0.08 0.0 0.08 2.1 % 0.72 %
Total Manhattan Retail 0.93 0.13 1.06 3.2 % 2.36 %
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 0.39 0.07 0.46 2.97 % -1.96 %
Midtown South Manhattan Retail 0.87 0.14 1.01 7.16 % abc -3.17 %
Downtown Manhattan Retail 0.14 0.0 0.14 3.06 % 0.0 %
Total Manhattan Retail 1.4 0.2 1.61 % -2.49 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.03 million RSF to 1.06 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.21 million RSF.
  • Midtown South Retail space vacancies increased from 0.75 million RSF to 0.77 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.07 million RSF to 0.08 million RSF.
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