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November 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 | 0.24 | 0.0 | 0.24 | 1.5 % | 5.06 % |
| Midtown South Manhattan Retail | 0.49 | 0.01 | 0.5 | 2.1 % | -1.37 % |
| Downtown Manhattan Retail | 0.12 | 0.01 | 0.13 | 1.8 % | -19.68 % |
| Total Manhattan Retail | 0.85 | 0.03 | 0.87 | 1.9 % | -0.78 % |
| 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 | 0.62 | 0.11 | 0.73 | 4.01 % | 5.06 % |
| Midtown South Manhattan Retail | 1.19 | 0.06 | 1.24 | 4.38 % abc | -1.37 % |
| Downtown Manhattan Retail | 0.3 | 0.01 | 0.31 | 4.11 % | 0 % |
| Total Manhattan Retail | 2.1 | 0.18 | 2.28 | % | -1.8 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.88 million RSF to 0.87 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.28 million RSF to 0.24 million RSF
- Midtown South Retail space vacancies stayed at 0.5 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.11 million RSF to 0.13 million RSF.
