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March 2008

March 2008 » Market Analysis » New York Retail Report

March 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 0.25 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.
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