market research

June 2008

June 2008 » Market Analysis » New York Retail Report

June 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 0.24 0.01 0.24 1.4 % -1.54 %
Midtown South Manhattan Retail 0.62 0.13 0.74 4.6 % 2.41 %
Downtown Manhattan Retail 0.11 0.01 0.11 2.3 % -7.74 %
Total Manhattan Retail 0.96 0.14 1.1 2.8 % 1.0 %
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 0.09 0.52 2.65 % -1.54 %
Midtown South Manhattan Retail 0.96 0.16 1.12 6.48 % abc 2.41 %
Downtown Manhattan Retail 0.16 0.01 0.17 3.1 % 0.0 %
Total Manhattan Retail 1.55 0.26 1.81 % 0.33 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.09 million RSF to 1.1 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.23 million RSF to 0.24 million RSF.
  • Midtown South Retail space vacancies increased from 0.72 million RSF to 0.74 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building