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June 2010

June 2010 » Market Analysis » New York Retail Report

June 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 0.26 0.01 0.27 1.6 % -6.3 %
Midtown South Manhattan Retail 0.58 0.0 0.58 2.4 % 0.62 %
Downtown Manhattan Retail 0.12 0.01 0.13 2.0 % 7.43 %
Total Manhattan Retail 0.97 0.02 0.98 2.1 % -5.44 %
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 0.63 0.12 0.75 3.9 % -6.3 %
Midtown South Manhattan Retail 1.23 0.05 1.28 4.46 % abc 0.62 %
Downtown Manhattan Retail 0.36 0.01 0.37 4.78 % 0.0 %
Total Manhattan Retail 2.22 0.18 2.4 % -0.48 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.04 million RSF to 0.98 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.33 million RSF to 0.27 million RSF
  • Midtown South Retail space vacancies decreased from 0.6 million RSF to 0.58 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.11 million RSF to 0.13 million RSF.
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