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December 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 | 0.34 | 0.0 | 0.35 | 2.0 % | -1.0 % |
| Midtown South Manhattan Retail | 0.4 | 0.0 | 0.41 | 1.8 % | -0.98 % |
| Downtown Manhattan Retail | 0.19 | 0.0 | 0.19 | 3.1 % | -4.04 % |
| Total Manhattan Retail | 0.94 | 0.0 | 0.95 | 2.0 % | -4.23 % |
| 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 | 0.66 | 0.14 | 0.8 | 4.51 % | -1.0 % |
| Midtown South Manhattan Retail | 0.87 | 0.05 | 0.92 | 3.68 % abc | -0.98 % |
| Downtown Manhattan Retail | 0.34 | 0.01 | 0.35 | 5.1 % | 0 % |
| Total Manhattan Retail | 1.88 | 0.19 | 2.07 | % | -1.5 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.99 million RSF to 0.95 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
- Midtown South Retail space vacancies decreased from 0.42 million RSF to 0.41 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.22 million RSF to 0.19 million RSF
