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March 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 | 0.34 | 0.01 | 0.36 | 2.1 % | 6.0 % |
| Midtown South Manhattan Retail | 0.61 | 0.0 | 0.61 | 2.6 % | -7.43 % |
| Downtown Manhattan Retail | 0.16 | 0.01 | 0.17 | 2.6 % | -12.94 % |
| Total Manhattan Retail | 1.11 | 0.02 | 1.14 | 2.4 % | 5.89 % |
| 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 | 0.72 | 0.12 | 0.83 | 4.5 % | 6.0 % |
| Midtown South Manhattan Retail | 1.24 | 0.07 | 1.32 | 4.79 % abc | -7.43 % |
| Downtown Manhattan Retail | 0.3 | 0.01 | 0.31 | 3.93 % | 0.0 % |
| Total Manhattan Retail | 2.26 | 0.2 | 2.46 | % | -3.57 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.07 million RSF to 1.14 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.32 million RSF to 0.36 million RSF.
- Midtown South Retail space vacancies stayed at 0.61 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.17 million RSF.
