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October 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 | 0.27 | 0.0 | 0.28 | 1.6 % | -0.14 % |
| Midtown South Manhattan Retail | 0.49 | 0.01 | 0.5 | 2.1 % | -1.75 % |
| Downtown Manhattan Retail | 0.1 | 0.01 | 0.11 | 1.8 % | -7.14 % |
| Total Manhattan Retail | 0.86 | 0.02 | 0.88 | 1.9 % | 3.24 % |
| 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 | 0.58 | 0.11 | 0.69 | 3.85 % | -0.14 % |
| Midtown South Manhattan Retail | 1.21 | 0.05 | 1.26 | 4.44 % abc | -1.75 % |
| Downtown Manhattan Retail | 0.36 | 0.01 | 0.37 | 4.89 % | 0 % |
| Total Manhattan Retail | 2.15 | 0.18 | 2.33 | % | -2.13 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.85 million RSF to 0.88 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.25 million RSF to 0.28 million RSF.
- Midtown South Retail space vacancies increased from 0.49 million RSF to 0.5 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.11 million RSF.
