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March 2008 » Market Analysis » New York Retail Report
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| NEW YORK RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Retail | 0.25 | 0.0 | 0.25 | 1.6 % | 7.9 % |
| Midtown South Manhattan Retail | 0.6 | 0.12 | 0.72 | 5.3 % | 0.62 % |
| Downtown Manhattan Retail | 0.1 | 0.01 | 0.1 | 2.3 % | 4.55 % |
| Total Manhattan Retail | 0.94 | 0.13 | 1.07 | 3.2 % | 1.96 % |
| 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 | 0.48 | 0.07 | 0.54 | 3.19 % | 7.9 % |
| Midtown South Manhattan Retail | 0.84 | 0.13 | 0.97 | 6.54 % abc | 0.62 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.15 | 3.02 % | 0.0 % |
| Total Manhattan Retail | 1.47 | 0.21 | 1.67 | % | 3.35 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.07 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.23 million RSF to 0.25 million RSF.
- Midtown South Retail space vacancies decreased from 0.73 million RSF to 0.72 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.09 million RSF to 0.1 million RSF.
