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November 2007

November 2007 » Market Analysis » New York Retail Report

November 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 0.21 0.01 0.22 1.5 % 11.06 %
Midtown South Manhattan Retail 0.58 0.13 0.7 5.6 % -3.86 %
Downtown Manhattan Retail 0.07 0.0 0.07 1.9 % -22.15 %
Total Manhattan Retail 0.86 0.13 0.99 3.3 % -2.02 %
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 0.39 0.01 0.41 2.78 % 11.06 %
Midtown South Manhattan Retail 0.9 0.13 1.04 7.55 % abc -3.86 %
Downtown Manhattan Retail 0.16 0.0 0.16 3.49 % 0.0 %
Total Manhattan Retail 1.45 0.15 1.6 % -1.87 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.99 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.19 million RSF to 0.22 million RSF.
  • Midtown South Retail space vacancies decreased from 0.71 million RSF to 0.7 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.07 million RSF
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