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September 2007

September 2007 » Market Analysis » New York Retail Report

September 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 0.21 0.01 0.22 2.1 % 0.99 %
Midtown South Manhattan Retail 0.53 0.13 0.66 6.9 % 2.51 %
Downtown Manhattan Retail 0.13 0.0 0.13 3.2 % 0.5 %
Total Manhattan Retail 0.87 0.13 1.0 4.2 % 2.3 %
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 0.39 0.01 0.41 3.35 % 0.99 %
Midtown South Manhattan Retail 0.86 0.13 1.0 9.11 % abc 2.51 %
Downtown Manhattan Retail 0.2 0.0 0.2 4.79 % 0.0 %
Total Manhattan Retail 1.46 0.15 1.6 % 1.87 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.0 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.19 million RSF to 0.22 million RSF.
  • Midtown South Retail space vacancies decreased from 0.67 million RSF to 0.66 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.12 million RSF to 0.13 million RSF.
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