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January 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 | 0.28 | 0.01 | 0.29 | 1.7 % | -2.51 % |
| Midtown South Manhattan Retail | 0.64 | 0.0 | 0.65 | 2.9 % | 0.41 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.15 | 2.4 % | -0.61 % |
| Total Manhattan Retail | 1.07 | 0.02 | 1.09 | 2.4 % | 1.84 % |
| 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 | 0.65 | 0.11 | 0.76 | 3.91 % | -2.51 % |
| Midtown South Manhattan Retail | 1.41 | 0.07 | 1.48 | 5.33 % abc | 0.41 % |
| Downtown Manhattan Retail | 0.32 | 0.01 | 0.33 | 4.18 % | 0 % |
| Total Manhattan Retail | 2.38 | 0.19 | 2.57 | % | -0.58 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.07 million RSF to 1.09 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
- Midtown South Retail space vacancies increased from 0.62 million RSF to 0.65 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
