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July 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 | 1.8 % | 1.84 % |
| Midtown South Manhattan Retail | 0.56 | 0.0 | 0.56 | 2.4 % | 2.51 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.15 | 2.1 % | 1.33 % |
| Total Manhattan Retail | 0.98 | 0.02 | 1.0 | 2.2 % | 1.7 % |
| 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 | 0.64 | 0.12 | 0.76 | 4.22 % | 1.84 % |
| Midtown South Manhattan Retail | 1.27 | 0.04 | 1.31 | 4.59 % abc | 2.51 % |
| Downtown Manhattan Retail | 0.37 | 0.01 | 0.38 | 4.86 % | 0 % |
| Total Manhattan Retail | 2.28 | 0.17 | 2.45 | % | 2.12 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.0 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.27 million RSF to 0.29 million RSF.
- Midtown South Retail space vacancies decreased from 0.58 million RSF to 0.56 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.15 million RSF.
