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May 2007

May 2007 » Market Analysis » New York Retail Report

May 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 0.12 0.0 0.12 1.6 % -24.85 %
Midtown South Manhattan Retail 0.52 0.13 0.65 7.0 % 4.52 %
Downtown Manhattan Retail 0.12 0.0 0.13 3.6 % -4.35 %
Total Manhattan Retail 0.76 0.14 0.9 4.1 % 9.81 %
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 0.3 0.02 0.33 2.82 % -24.85 %
Midtown South Manhattan Retail 0.75 0.13 0.88 8.62 % abc 4.52 %
Downtown Manhattan Retail 0.2 0.0 0.21 5.69 % 0.0 %
Total Manhattan Retail 1.26 0.16 1.42 % -3.53 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.9 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.14 million RSF to 0.12 million RSF
  • Midtown South Retail space vacancies increased from 0.54 million RSF to 0.65 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.13 million RSF
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