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February 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 | 0.31 | 0.01 | 0.32 | 1.8 % | 3.32 % |
| Midtown South Manhattan Retail | 0.6 | 0.0 | 0.61 | 2.5 % | -4.3 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.15 | 2.3 % | 5.44 % |
| Total Manhattan Retail | 1.06 | 0.02 | 1.07 | 2.2 % | -1.46 % |
| 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 | 0.68 | 0.11 | 0.78 | 4.13 % | 3.32 % |
| Midtown South Manhattan Retail | 1.35 | 0.06 | 1.42 | 5.13 % abc | -4.3 % |
| Downtown Manhattan Retail | 0.34 | 0.01 | 0.35 | 4.37 % | 0 % |
| Total Manhattan Retail | 2.37 | 0.18 | 2.55 | % | -0.63 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.09 million RSF to 1.07 million RSF
- Midtown Manhattan Retail vacancy increased from 0.29 million RSF to 0.32 million RSF.
- Midtown South Retail space vacancies decreased from 0.65 million RSF to 0.61 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
