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November 2009 » Market Analysis » New York Retail Report
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| NEW YORK RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Retail | 0.28 | 0.01 | 0.29 | 1.6 % | 6.95 % |
| Midtown South Manhattan Retail | 0.58 | 0.0 | 0.58 | 2.7 % | -0.34 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.14 | 2.0 % | -5.41 % |
| Total Manhattan Retail | 1.0 | 0.02 | 1.02 | 2.2 % | 1.68 % |
| 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 | 0.69 | 0.14 | 0.83 | 4.4 % | 6.95 % |
| Midtown South Manhattan Retail | 1.39 | 0.07 | 1.46 | 5.37 % abc | -0.34 % |
| Downtown Manhattan Retail | 0.29 | 0.01 | 0.3 | 3.93 % | 0.0 % |
| Total Manhattan Retail | 2.36 | 0.22 | 2.59 | % | 1.43 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.0 million RSF to 1.02 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.23 million RSF to 0.29 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 0.15 million RSF to 0.14 million RSF
