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July 2009 » 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 | 0.26 | 0.02 | 0.28 | 1.6 % | 6.46 % |
| Midtown South Manhattan Retail | 0.62 | 0.01 | 0.63 | 3.1 % | 2.0 % |
| Downtown Manhattan Retail | 0.13 | 0.01 | 0.14 | 2.5 % | -10.9 % |
| Total Manhattan Retail | 1.01 | 0.03 | 1.04 | 2.4 % | -0.67 % |
| 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 | 0.69 | 0.19 | 0.88 | 4.57 % | 6.46 % |
| Midtown South Manhattan Retail | 1.52 | 0.08 | 1.6 | 6.89 % abc | 2.0 % |
| Downtown Manhattan Retail | 0.26 | 0.01 | 0.27 | 4.58 % | 0.0 % |
| Total Manhattan Retail | 2.47 | 0.28 | 2.75 | % | 2.18 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.05 million RSF to 1.04 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.28 million RSF.
- Midtown South Retail space vacancies stayed at 0.63 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF
