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January 2009

January 2009 » Market Analysis » New York Retail Report

January 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 0.31 0.01 0.32 1.5 % 6.1 %
Midtown South Manhattan Retail 0.62 0.02 0.64 3.3 % -1.35 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.7 % -2.07 %
Total Manhattan Retail 1.08 0.04 1.11 2.4 % 7.21 %
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 0.56 0.09 0.66 3.1 % 6.1 %
Midtown South Manhattan Retail 1.13 0.05 1.18 5.89 % abc -1.35 %
Downtown Manhattan Retail 0.21 0.01 0.22 3.9 % 0.0 %
Total Manhattan Retail 1.9 0.15 2.06 % 0.95 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.03 million RSF to 1.11 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.28 million RSF to 0.32 million RSF.
  • Midtown South Retail space vacancies increased from 0.61 million RSF to 0.64 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.
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