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March 2010

March 2010 » Market Analysis » New York Retail Report

March 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 0.34 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.
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