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September 2009

September 2009 » Market Analysis » New York Retail Report

September 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 0.22 0.02 0.24 1.6 % -3.67 %
Midtown South Manhattan Retail 0.59 0.0 0.6 2.6 % -3.32 %
Downtown Manhattan Retail 0.13 0.01 0.14 2.2 % 1.03 %
Total Manhattan Retail 0.95 0.03 0.98 2.2 % -3.38 %
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 0.66 0.16 0.82 4.43 % -3.67 %
Midtown South Manhattan Retail 1.44 0.06 1.5 5.81 % abc -3.32 %
Downtown Manhattan Retail 0.28 0.01 0.29 4.15 % 0.0 %
Total Manhattan Retail 2.38 0.23 2.61 % -2.95 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.98 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.24 million RSF
  • Midtown South Retail space vacancies decreased from 0.63 million RSF to 0.6 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.14 million RSF.
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