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March 2007

March 2007 » Market Analysis » New York Retail Report

March 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 0.01 0.18 1.9 % 4.32 %
Midtown South Manhattan Retail 0.34 0.02 0.36 5.6 % 2.42 %
Downtown Manhattan Retail 0.15 0.0 0.15 4.7 % 13.96 %
Total Manhattan Retail 0.65 0.04 0.69 3.6 % 7.07 %
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 0.42 0.04 0.46 4.1 % 4.32 %
Midtown South Manhattan Retail 0.51 0.15 0.66 9.05 % abc 2.42 %
Downtown Manhattan Retail 0.22 0.0 0.22 6.36 % 0.0 %
Total Manhattan Retail 1.15 0.2 1.34 % 4.98 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.64 million RSF to 0.69 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.17 million RSF to 0.18 million RSF.
  • Midtown South Retail space vacancies increased from 0.34 million RSF to 0.36 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.15 million RSF.
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