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July 2008

July 2008 » Market Analysis » New York Retail Report

July 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 0.25 0.01 0.26 1.3 % -10.17 %
Midtown South Manhattan Retail 0.63 0.13 0.76 4.0 % 4.92 %
Downtown Manhattan Retail 0.08 0.01 0.09 1.8 % -4.35 %
Total Manhattan Retail 0.96 0.14 1.11 2.5 % 0.81 %
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 0.43 0.04 0.47 2.17 % -10.17 %
Midtown South Manhattan Retail 1.03 0.15 1.18 5.75 % abc 4.92 %
Downtown Manhattan Retail 0.16 0.01 0.16 2.97 % 0.0 %
Total Manhattan Retail 1.62 0.19 1.81 % 0.17 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.11 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.26 million RSF.
  • Midtown South Retail space vacancies increased from 0.74 million RSF to 0.76 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.09 million RSF
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