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April 2013 » 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 | 0.35 | 0.02 | 0.37 | 2.3 % | -5.51 % |
| Midtown South Manhattan Retail | 0.28 | 0.01 | 0.29 | 1.6 % | 3.98 % |
| Downtown Manhattan Retail | 0.15 | 0.0 | 0.15 | 2.5 % | -2.03 % |
| Total Manhattan Retail | 0.78 | 0.03 | 0.81 | 2.0 % | 0.37 % |
| 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 | 0.13 | 0.85 | 4.61 % | -5.51 % |
| Midtown South Manhattan Retail | 0.65 | 0.03 | 0.68 | 3.1 % abc | 3.98 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.25 | 3.91 % | 0 % |
| Total Manhattan Retail | 1.61 | 0.17 | 1.78 | % | -1.41 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.8 million RSF to 0.81 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.41 million RSF to 0.37 million RSF
- Midtown South Retail space vacancies increased from 0.24 million RSF to 0.29 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.
