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August 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 | 0.22 | 0.0 | 0.22 | 1.4 % | -9.51 % |
| Midtown South Manhattan Retail | 0.53 | 0.0 | 0.53 | 2.3 % | 0.45 % |
| Downtown Manhattan Retail | 0.1 | 0.01 | 0.11 | 1.7 % | 3.16 % |
| Total Manhattan Retail | 0.86 | 0.01 | 0.87 | 1.9 % | -15.15 % |
| 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 | 3.83 % | -9.51 % |
| Midtown South Manhattan Retail | 1.26 | 0.06 | 1.32 | 4.64 % abc | 0.45 % |
| Downtown Manhattan Retail | 0.38 | 0.01 | 0.39 | 4.98 % | 0.0 % |
| Total Manhattan Retail | 2.23 | 0.18 | 2.4 | % | -1.99 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.87 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.29 million RSF to 0.22 million RSF
- Midtown South Retail space vacancies decreased from 0.56 million RSF to 0.53 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.11 million RSF
