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January 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 | 0.25 | 0.0 | 0.25 | 1.6 % | 4.57 % |
| Midtown South Manhattan Retail | 0.46 | 0.01 | 0.46 | 2.1 % | 1.75 % |
| Downtown Manhattan Retail | 0.1 | 0.01 | 0.11 | 1.5 % | -11.01 % |
| Total Manhattan Retail | 0.8 | 0.02 | 0.82 | 1.8 % | -5.58 % |
| 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 | 0.12 | 0.77 | 4.15 % | 4.57 % |
| Midtown South Manhattan Retail | 1.21 | 0.05 | 1.25 | 4.49 % abc | 1.75 % |
| Downtown Manhattan Retail | 0.26 | 0.01 | 0.27 | 3.74 % | 0 % |
| Total Manhattan Retail | 2.11 | 0.18 | 2.29 | % | 1.18 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.86 million RSF to 0.82 million RSF
- Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.25 million RSF.
- Midtown South Retail space vacancies decreased from 0.5 million RSF to 0.46 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF
