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October 2009

October 2009 » Market Analysis » New York Retail Report

October 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 0.23 0.01 0.23 1.5 % -5.28 %
Midtown South Manhattan Retail 0.6 0.01 0.61 2.9 % -2.94 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.2 % 6.73 %
Total Manhattan Retail 0.97 0.03 1.0 2.3 % 2.1 %
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 0.63 0.14 0.78 4.21 % -5.28 %
Midtown South Manhattan Retail 1.39 0.07 1.46 5.52 % abc -2.94 %
Downtown Manhattan Retail 0.3 0.01 0.31 4.36 % 0.0 %
Total Manhattan Retail 2.32 0.23 2.55 % -2.47 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.0 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.24 million RSF to 0.23 million RSF
  • Midtown South Retail space vacancies increased from 0.6 million RSF to 0.61 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.
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