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June 2007

June 2007 » Market Analysis » New York Retail Report

June 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 0.17 0.0 0.17 2.0 % 11.65 %
Midtown South Manhattan Retail 0.52 0.13 0.65 6.9 % 5.96 %
Downtown Manhattan Retail 0.14 0.0 0.15 4.2 % 8.41 %
Total Manhattan Retail 0.84 0.14 0.97 4.3 % 7.72 %
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 0.34 0.02 0.37 3.14 % 11.65 %
Midtown South Manhattan Retail 0.81 0.13 0.94 8.71 % abc 5.96 %
Downtown Manhattan Retail 0.22 0.0 0.23 6.29 % 0.0 %
Total Manhattan Retail 1.38 0.16 1.54 % 7.69 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.9 million RSF to 0.97 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.12 million RSF to 0.17 million RSF.
  • Midtown South Retail space vacancies stayed at 0.65 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.15 million RSF.
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