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August 2012 » 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 | 0.4 | 0.0 | 0.4 | 2.4 % | 15.73 % |
| Midtown South Manhattan Retail | 0.34 | 0.01 | 0.34 | 2.2 % | -2.82 % |
| Downtown Manhattan Retail | 0.17 | 0.0 | 0.17 | 2.9 % | 0.85 % |
| Total Manhattan Retail | 0.91 | 0.01 | 0.92 | 2.4 % | 7.81 % |
| 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 | 0.83 | 0.11 | 0.94 | 5.19 % | 15.73 % |
| Midtown South Manhattan Retail | 0.71 | 0.04 | 0.74 | 3.16 % abc | -2.82 % |
| Downtown Manhattan Retail | 0.28 | 0.0 | 0.29 | 4.36 % | 0 % |
| Total Manhattan Retail | 1.83 | 0.14 | 1.97 | % | 6.57 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.85 million RSF to 0.92 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.32 million RSF to 0.4 million RSF.
- Midtown South Retail space vacancies decreased from 0.36 million RSF to 0.34 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.
