market research

October 2007

October 2007 » Market Analysis » New York Retail Report

October 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 0.19 0.01 0.19 1.7 % -11.88 %
Midtown South Manhattan Retail 0.58 0.12 0.71 5.9 % 7.35 %
Downtown Manhattan Retail 0.11 0.0 0.11 2.7 % -4.66 %
Total Manhattan Retail 0.88 0.13 1.01 3.6 % 0.99 %
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 0.35 0.01 0.36 2.71 % -11.88 %
Midtown South Manhattan Retail 0.94 0.13 1.07 8.07 % abc 7.35 %
Downtown Manhattan Retail 0.19 0.0 0.19 4.58 % 0.0 %
Total Manhattan Retail 1.49 0.14 1.63 % 1.66 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.0 million RSF to 1.01 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.22 million RSF to 0.19 million RSF
  • Midtown South Retail space vacancies increased from 0.66 million RSF to 0.71 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building