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September 2008

September 2008 » Market Analysis » New York Retail Report

September 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 0.25 0.01 0.25 1.4 % 4.34 %
Midtown South Manhattan Retail 0.59 0.13 0.72 3.7 % 2.0 %
Downtown Manhattan Retail 0.09 0.01 0.1 2.0 % 0.26 %
Total Manhattan Retail 0.93 0.14 1.07 2.5 % -2.24 %
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 0.44 2.21 % 4.34 %
Midtown South Manhattan Retail 1.05 0.14 1.2 5.61 % abc 2.0 %
Downtown Manhattan Retail 0.15 0.01 0.16 2.73 % 0.0 %
Total Manhattan Retail 1.57 0.23 1.79 % 2.42 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.1 million RSF to 1.07 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.76 million RSF to 0.72 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.09 million RSF to 0.1 million RSF.
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