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April 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 % | -8.03 % |
| Midtown South Manhattan Retail | 0.62 | 0.0 | 0.63 | 2.6 % | -4.52 % |
| Downtown Manhattan Retail | 0.13 | 0.01 | 0.13 | 2.1 % | 4.04 % |
| Total Manhattan Retail | 1.06 | 0.02 | 1.08 | 2.3 % | -4.92 % |
| 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 | 0.66 | 0.11 | 0.77 | 4.19 % | -8.03 % |
| Midtown South Manhattan Retail | 1.2 | 0.06 | 1.26 | 4.61 % abc | -4.52 % |
| Downtown Manhattan Retail | 0.31 | 0.01 | 0.32 | 4.09 % | 0.0 % |
| Total Manhattan Retail | 2.18 | 0.18 | 2.36 | % | -4.5 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.14 million RSF to 1.08 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.36 million RSF to 0.33 million RSF
- Midtown South Retail space vacancies increased from 0.61 million RSF to 0.63 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.17 million RSF to 0.13 million RSF
