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July 2007

July 2007 » Market Analysis » New York Retail Report

July 2007 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 0.19 0.01 0.19 1.9 % 8.21 %
Midtown South Manhattan Retail 0.54 0.13 0.67 7.1 % 3.39 %
Downtown Manhattan Retail 0.14 0.0 0.14 4.0 % -5.61 %
Total Manhattan Retail 0.86 0.13 1.0 4.3 % 2.61 %
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 0.38 0.03 0.4 3.35 % 8.21 %
Midtown South Manhattan Retail 0.84 0.13 0.97 9.18 % abc 3.39 %
Downtown Manhattan Retail 0.21 0.0 0.21 5.99 % 0.0 %
Total Manhattan Retail 1.43 0.16 1.59 % 3.4 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.0 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.17 million RSF to 0.19 million RSF.
  • Midtown South Retail space vacancies increased from 0.65 million RSF to 0.67 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF
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