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March 2009

March 2009 » Market Analysis » New York Retail Report

March 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 0.25 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.
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