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February 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 | 0.0 | 0.23 | 1.6 % | 1.03 % |
| Midtown South Manhattan Retail | 0.49 | 0.01 | 0.5 | 2.2 % | -2.12 % |
| Downtown Manhattan Retail | 0.1 | 0.0 | 0.1 | 1.5 % | -2.44 % |
| Total Manhattan Retail | 0.82 | 0.01 | 0.83 | 1.9 % | 1.86 % |
| 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 | 0.64 | 0.13 | 0.77 | 4.22 % | 1.03 % |
| Midtown South Manhattan Retail | 1.18 | 0.05 | 1.23 | 4.45 % abc | -2.12 % |
| Downtown Manhattan Retail | 0.27 | 0.0 | 0.27 | 3.58 % | 0 % |
| Total Manhattan Retail | 2.08 | 0.18 | 2.27 | % | -1.08 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.82 million RSF to 0.83 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.23 million RSF
- Midtown South Retail space vacancies increased from 0.46 million RSF to 0.5 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.1 million RSF
