market research

May 2010

May 2010 » Market Analysis » New York Retail Report

May 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 0.32 0.01 0.33 1.9 % 2.65 %
Midtown South Manhattan Retail 0.6 0.0 0.6 2.4 % 0.86 %
Downtown Manhattan Retail 0.1 0.01 0.11 1.7 % 6.4 %
Total Manhattan Retail 1.02 0.02 1.04 2.2 % -4.58 %
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 0.79 4.14 % 2.65 %
Midtown South Manhattan Retail 1.22 0.06 1.27 4.46 % abc 0.86 %
Downtown Manhattan Retail 0.34 0.01 0.34 4.43 % 0.0 %
Total Manhattan Retail 2.23 0.18 2.41 % 2.24 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.08 million RSF to 1.04 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.33 million RSF.
  • Midtown South Retail space vacancies decreased from 0.63 million RSF to 0.6 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building