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February 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 | 0.29 | 0.0 | 0.29 | 1.8 % | -9.2 % |
| Midtown South Manhattan Retail | 0.38 | 0.01 | 0.39 | 1.8 % | -1.57 % |
| Downtown Manhattan Retail | 0.18 | 0.0 | 0.18 | 3.0 % | -2.59 % |
| Total Manhattan Retail | 0.86 | 0.01 | 0.86 | 2.0 % | -4.28 % |
| 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 | 0.58 | 0.1 | 0.68 | 3.76 % | -9.2 % |
| Midtown South Manhattan Retail | 0.83 | 0.06 | 0.89 | 3.57 % abc | -1.57 % |
| Downtown Manhattan Retail | 0.33 | 0.01 | 0.34 | 4.92 % | 0 % |
| Total Manhattan Retail | 1.74 | 0.17 | 1.91 | % | -4.48 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.9 million RSF to 0.86 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
- Midtown South Retail space vacancies decreased from 0.42 million RSF to 0.39 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.19 million RSF to 0.18 million RSF
