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September 2007 » Market Analysis » New York Retail Report
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| 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.
