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September 2010

September 2010 » Market Analysis » New York Retail Report

September 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 0.25 0.0 0.25 1.5 % 0.14 %
Midtown South Manhattan Retail 0.49 0.0 0.49 2.2 % -2.96 %
Downtown Manhattan Retail 0.1 0.0 0.11 1.7 % 2.16 %
Total Manhattan Retail 0.84 0.01 0.85 1.9 % -1.92 %
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 0.58 0.11 0.69 3.84 % 0.14 %
Midtown South Manhattan Retail 1.23 0.05 1.28 4.52 % abc -2.96 %
Downtown Manhattan Retail 0.39 0.01 0.4 5.08 % 0.0 %
Total Manhattan Retail 2.21 0.17 2.37 % -1.2 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.87 million RSF to 0.85 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.22 million RSF to 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.53 million RSF to 0.49 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.11 million RSF.
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