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December 2010 » 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 | 0.23 | 0.0 | 0.24 | 1.5 % | 0.0 % |
| Midtown South Manhattan Retail | 0.49 | 0.01 | 0.5 | 2.1 % | -0.89 % |
| Downtown Manhattan Retail | 0.12 | 0.01 | 0.13 | 1.8 % | -2.51 % |
| Total Manhattan Retail | 0.84 | 0.02 | 0.86 | 1.9 % | -1.33 % |
| 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 | 0.61 | 0.12 | 0.73 | 3.97 % | 0.0 % |
| Midtown South Manhattan Retail | 1.18 | 0.05 | 1.23 | 4.37 % abc | -0.89 % |
| Downtown Manhattan Retail | 0.29 | 0.01 | 0.3 | 4.13 % | 0 % |
| Total Manhattan Retail | 2.09 | 0.18 | 2.27 | % | -0.82 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.87 million RSF to 0.86 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.24 million RSF.
- Midtown South Retail space vacancies stayed at 0.5 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.13 million RSF.
