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February 2013 » 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 | 0.37 | 0.02 | 0.39 | 2.3 % | 2.17 % |
| Midtown South Manhattan Retail | 0.23 | 0.01 | 0.24 | 1.3 % | -0.74 % |
| Downtown Manhattan Retail | 0.14 | 0.01 | 0.15 | 2.5 % | -0.53 % |
| Total Manhattan Retail | 0.75 | 0.03 | 0.78 | 1.9 % | -2.96 % |
| 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 | 0.8 | 0.12 | 0.92 | 4.93 % | 2.17 % |
| Midtown South Manhattan Retail | 0.65 | 0.03 | 0.68 | 3.08 % abc | -0.74 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.24 | 3.78 % | 0 % |
| Total Manhattan Retail | 1.69 | 0.16 | 1.85 | % | 0.74 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.8 million RSF to 0.78 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.4 million RSF to 0.39 million RSF
- Midtown South Retail space vacancies decreased from 0.26 million RSF to 0.24 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
