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January 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 % | -6.68 % |
| Midtown South Manhattan Retail | 0.41 | 0.01 | 0.42 | 1.9 % | -1.77 % |
| Downtown Manhattan Retail | 0.19 | 0.0 | 0.19 | 3.0 % | -1.16 % |
| Total Manhattan Retail | 0.89 | 0.01 | 0.9 | 2.0 % | -4.99 % |
| 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 | 0.63 | 0.11 | 0.75 | 4.19 % | -6.68 % |
| Midtown South Manhattan Retail | 0.85 | 0.05 | 0.9 | 3.62 % abc | -1.77 % |
| Downtown Manhattan Retail | 0.34 | 0.01 | 0.34 | 5.05 % | 0 % |
| Total Manhattan Retail | 1.82 | 0.18 | 2.0 | % | -3.51 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.95 million RSF to 0.9 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.35 million RSF to 0.29 million RSF
- Midtown South Retail space vacancies increased from 0.41 million RSF to 0.42 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.19 million RSF.
