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March 2009 » 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 | 0.02 | 0.27 | 1.5 % | 0.31 % |
| Midtown South Manhattan Retail | 0.7 | 0.01 | 0.71 | 3.7 % | 4.19 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.16 | 2.8 % | 1.15 % |
| Total Manhattan Retail | 1.1 | 0.04 | 1.14 | 2.7 % | 0.26 % |
| 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 | 0.54 | 0.1 | 0.64 | 3.39 % | 0.31 % |
| Midtown South Manhattan Retail | 1.27 | 0.07 | 1.33 | 6.33 % abc | 4.19 % |
| Downtown Manhattan Retail | 0.25 | 0.01 | 0.26 | 4.51 % | 0.0 % |
| Total Manhattan Retail | 2.06 | 0.18 | 2.24 | % | 2.73 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space stayed at 1.14 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.3 million RSF to 0.27 million RSF
- Midtown South Retail space vacancies increased from 0.68 million RSF to 0.71 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
