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December 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 | 0.38 | 0.0 | 0.38 | 2.4 % | 0.76 % |
| Midtown South Manhattan Retail | 0.26 | 0.01 | 0.28 | 1.4 % | 2.14 % |
| Downtown Manhattan Retail | 0.14 | 0.0 | 0.15 | 2.6 % | -3.09 % |
| Total Manhattan Retail | 0.79 | 0.02 | 0.81 | 2.0 % | 0.92 % |
| 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 | 0.79 | 0.12 | 0.92 | 5.12 % | 0.76 % |
| Midtown South Manhattan Retail | 0.71 | 0.04 | 0.75 | 3.33 % abc | 2.14 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.25 | 3.78 % | 0 % |
| Total Manhattan Retail | 1.74 | 0.17 | 1.91 | % | 0.81 % |
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 0.39 million RSF to 0.38 million RSF
- Midtown South Retail space vacancies increased from 0.26 million RSF to 0.28 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
