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August 2010

August 2010 » Market Analysis » New York Retail Report

August 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 0.22 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
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