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July 2009

July 2009 » Market Analysis » New York Retail Report

July 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 0.26 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
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