market research

May 2008

May 2008 » Market Analysis » New York Retail Report

May 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 0.23 0.01 0.23 1.4 % -0.38 %
Midtown South Manhattan Retail 0.6 0.12 0.72 5.1 % 0.73 %
Downtown Manhattan Retail 0.13 0.01 0.13 2.8 % 7.73 %
Total Manhattan Retail 0.95 0.14 1.09 3.0 % -2.85 %
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 0.46 0.07 0.53 2.7 % -0.38 %
Midtown South Manhattan Retail 0.94 0.15 1.09 6.91 % abc 0.73 %
Downtown Manhattan Retail 0.18 0.01 0.18 3.3 % 0.0 %
Total Manhattan Retail 1.57 0.23 1.8 % 1.11 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.12 million RSF to 1.09 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.24 million RSF to 0.23 million RSF
  • Midtown South Retail space vacancies decreased from 0.76 million RSF to 0.72 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.11 million RSF to 0.13 million RSF.
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