market research

July 2010

July 2010 » Market Analysis » New York Retail Report

July 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 0.28 0.01 0.29 1.8 % 1.84 %
Midtown South Manhattan Retail 0.56 0.0 0.56 2.4 % 2.51 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.1 % 1.33 %
Total Manhattan Retail 0.98 0.02 1.0 2.2 % 1.7 %
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 0.64 0.12 0.76 4.22 % 1.84 %
Midtown South Manhattan Retail 1.27 0.04 1.31 4.59 % abc 2.51 %
Downtown Manhattan Retail 0.37 0.01 0.38 4.86 % 0.0 %
Total Manhattan Retail 2.28 0.17 2.45 % 2.12 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.0 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.27 million RSF to 0.29 million RSF.
  • Midtown South Retail space vacancies decreased from 0.58 million RSF to 0.56 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.15 million RSF.
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