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September 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 | 0.25 | 0.0 | 0.25 | 1.5 % | 0.14 % |
| Midtown South Manhattan Retail | 0.49 | 0.0 | 0.49 | 2.2 % | -2.96 % |
| Downtown Manhattan Retail | 0.1 | 0.0 | 0.11 | 1.7 % | 2.16 % |
| Total Manhattan Retail | 0.84 | 0.01 | 0.85 | 1.9 % | -1.92 % |
| 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 | 3.84 % | 0.14 % |
| Midtown South Manhattan Retail | 1.23 | 0.05 | 1.28 | 4.52 % abc | -2.96 % |
| Downtown Manhattan Retail | 0.39 | 0.01 | 0.4 | 5.08 % | 0 % |
| Total Manhattan Retail | 2.21 | 0.17 | 2.37 | % | -1.2 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.87 million RSF to 0.85 million RSF
- Midtown Manhattan Retail vacancy increased from 0.22 million RSF to 0.25 million RSF.
- Midtown South Retail space vacancies decreased from 0.53 million RSF to 0.49 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.11 million RSF.
