market research

May 2009

May 2009 » Market Analysis » New York Retail Report

May 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 0.27 0.02 0.29 1.6 % 2.5 %
Midtown South Manhattan Retail 0.62 0.01 0.63 3.0 % 6.55 %
Downtown Manhattan Retail 0.15 0.01 0.16 2.7 % -4.75 %
Total Manhattan Retail 1.04 0.04 1.07 2.4 % 2.44 %
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 0.61 0.11 0.72 3.79 % 2.5 %
Midtown South Manhattan Retail 1.39 0.08 1.47 6.51 % abc 6.55 %
Downtown Manhattan Retail 0.24 0.01 0.25 4.32 % 0.0 %
Total Manhattan Retail 2.23 0.2 2.44 % 4.18 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.07 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
  • Midtown South Retail space vacancies increased from 0.6 million RSF to 0.63 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
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