market research

February 2010

February 2010 » Market Analysis » New York Retail Report

February 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 0.31 0.01 0.32 1.8 % 3.32 %
Midtown South Manhattan Retail 0.6 0.0 0.61 2.5 % -4.3 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.3 % 5.44 %
Total Manhattan Retail 1.06 0.02 1.07 2.2 % -1.46 %
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 0.68 0.11 0.78 4.13 % 3.32 %
Midtown South Manhattan Retail 1.35 0.06 1.42 5.13 % abc -4.3 %
Downtown Manhattan Retail 0.34 0.01 0.35 4.37 % 0.0 %
Total Manhattan Retail 2.37 0.18 2.55 % -0.63 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.09 million RSF to 1.07 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.29 million RSF to 0.32 million RSF.
  • Midtown South Retail space vacancies decreased from 0.65 million RSF to 0.61 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
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