market research

June 2009

June 2009 » Market Analysis » New York Retail Report

June 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 % 12.83 %
Midtown South Manhattan Retail 0.62 0.01 0.63 3.2 % 6.62 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.6 % 14.41 %
Total Manhattan Retail 1.02 0.03 1.05 2.4 % -1.93 %
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 0.68 0.15 0.83 4.32 % 12.83 %
Midtown South Manhattan Retail 1.49 0.08 1.57 6.93 % abc 6.62 %
Downtown Manhattan Retail 0.27 0.03 0.3 5.1 % 0.0 %
Total Manhattan Retail 2.44 0.25 2.69 % 9.38 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.07 million RSF to 1.05 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.29 million RSF to 0.28 million RSF
  • Midtown South Retail space vacancies stayed at 0.63 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.15 million RSF
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