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July 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 | 0.31 | 0.01 | 0.31 | 1.9 % | 1.49 % |
| Midtown South Manhattan Retail | 0.49 | 0.0 | 0.5 | 2.2 % | -0.17 % |
| Downtown Manhattan Retail | 0.13 | 0.0 | 0.13 | 1.9 % | -6.36 % |
| Total Manhattan Retail | 0.93 | 0.01 | 0.94 | 2.1 % | -1.25 % |
| 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 | 0.67 | 0.13 | 0.81 | 4.53 % | 1.49 % |
| Midtown South Manhattan Retail | 1.14 | 0.04 | 1.18 | 4.48 % abc | -0.17 % |
| Downtown Manhattan Retail | 0.23 | 0.0 | 0.24 | 3.41 % | 0 % |
| Total Manhattan Retail | 2.04 | 0.18 | 2.22 | % | -0.23 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.95 million RSF to 0.94 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.31 million RSF.
- Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.5 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.12 million RSF to 0.13 million RSF.
