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June 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 | 0.26 | 0.01 | 0.27 | 1.6 % | -6.3 % |
| Midtown South Manhattan Retail | 0.58 | 0.0 | 0.58 | 2.4 % | 0.62 % |
| Downtown Manhattan Retail | 0.12 | 0.01 | 0.13 | 2.0 % | 7.43 % |
| Total Manhattan Retail | 0.97 | 0.02 | 0.98 | 2.1 % | -5.44 % |
| 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 | 0.63 | 0.12 | 0.75 | 3.9 % | -6.3 % |
| Midtown South Manhattan Retail | 1.23 | 0.05 | 1.28 | 4.46 % abc | 0.62 % |
| Downtown Manhattan Retail | 0.36 | 0.01 | 0.37 | 4.78 % | 0 % |
| Total Manhattan Retail | 2.22 | 0.18 | 2.4 | % | -0.48 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.04 million RSF to 0.98 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.33 million RSF to 0.27 million RSF
- Midtown South Retail space vacancies decreased from 0.6 million RSF to 0.58 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.11 million RSF to 0.13 million RSF.
