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November 2008

November 2008 » Market Analysis » New York Retail Report

November 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 0.27 0.01 0.28 1.4 % 27.61 %
Midtown South Manhattan Retail 0.57 0.01 0.58 2.9 % 2.56 %
Downtown Manhattan Retail 0.13 0.01 0.14 2.7 % 19.41 %
Total Manhattan Retail 0.97 0.02 0.99 2.2 % -1.96 %
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 0.49 0.1 0.59 2.82 % 27.61 %
Midtown South Manhattan Retail 1.15 0.02 1.17 5.23 % abc 2.56 %
Downtown Manhattan Retail 0.19 0.01 0.2 3.53 % 0.0 %
Total Manhattan Retail 1.84 0.13 1.97 % 11.85 %

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 0.25 million RSF to 0.28 million RSF.
  • Midtown South Retail space vacancies decreased from 0.61 million RSF to 0.58 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.14 million RSF
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