market research

April 2010

April 2010 » Market Analysis » New York Retail Report

April 2010 NYC Retail Space Graphs and Statistics


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
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