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November 2009

November 2009 » Market Analysis » New York Retail Report

November 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 0.28 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
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