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April 2011 » 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 | 0.23 | 0.01 | 0.24 | 1.7 % | 1.93 % |
| Midtown South Manhattan Retail | 0.48 | 0.0 | 0.49 | 2.0 % | 1.7 % |
| Downtown Manhattan Retail | 0.12 | 0.0 | 0.12 | 1.8 % | -8.1 % |
| Total Manhattan Retail | 0.83 | 0.01 | 0.84 | 1.9 % | 3.18 % |
| 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 | 0.69 | 0.14 | 0.83 | 4.61 % | 1.93 % |
| Midtown South Manhattan Retail | 1.14 | 0.04 | 1.18 | 4.28 % abc | 1.7 % |
| Downtown Manhattan Retail | 0.25 | 0.0 | 0.25 | 3.53 % | 0 % |
| Total Manhattan Retail | 2.07 | 0.18 | 2.26 | % | 0.69 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.84 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.22 million RSF to 0.24 million RSF.
- Midtown South Retail space vacancies stayed at 0.49 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.1 million RSF to 0.12 million RSF.
