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May 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 | 0.32 | 0.01 | 0.33 | 1.9 % | 2.65 % |
| Midtown South Manhattan Retail | 0.6 | 0.0 | 0.6 | 2.4 % | 0.86 % |
| Downtown Manhattan Retail | 0.1 | 0.01 | 0.11 | 1.7 % | 6.4 % |
| Total Manhattan Retail | 1.02 | 0.02 | 1.04 | 2.2 % | -4.58 % |
| 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 | 0.79 | 4.14 % | 2.65 % |
| Midtown South Manhattan Retail | 1.22 | 0.06 | 1.27 | 4.46 % abc | 0.86 % |
| Downtown Manhattan Retail | 0.34 | 0.01 | 0.34 | 4.43 % | 0 % |
| Total Manhattan Retail | 2.23 | 0.18 | 2.41 | % | 2.24 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.08 million RSF to 1.04 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.33 million RSF.
- Midtown South Retail space vacancies decreased from 0.63 million RSF to 0.6 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF
