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October 2008

October 2008 » Market Analysis » New York Retail Report

October 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 0.24 0.01 0.25 1.3 % -1.86 %
Midtown South Manhattan Retail 0.6 0.01 0.61 2.9 % -4.9 %
Downtown Manhattan Retail 0.16 0.01 0.16 2.1 % 5.47 %
Total Manhattan Retail 0.99 0.02 1.01 2.1 % -5.92 %
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 0.36 0.07 0.43 2.11 % -1.86 %
Midtown South Manhattan Retail 1.11 0.03 1.14 5.06 % abc -4.9 %
Downtown Manhattan Retail 0.16 0.01 0.16 2.9 % 0.0 %
Total Manhattan Retail 1.63 0.11 1.74 % -3.17 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.07 million RSF to 1.01 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.72 million RSF to 0.61 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.1 million RSF to 0.16 million RSF.
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