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June 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 % | -4.92 % |
| Midtown South Manhattan Retail | 0.52 | 0.0 | 0.52 | 2.2 % | -3.82 % |
| Downtown Manhattan Retail | 0.12 | 0.0 | 0.12 | 1.8 % | -8.37 % |
| Total Manhattan Retail | 0.95 | 0.01 | 0.95 | 2.0 % | 2.45 % |
| 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 | 0.66 | 0.13 | 0.79 | 4.25 % | -4.92 % |
| Midtown South Manhattan Retail | 1.14 | 0.04 | 1.18 | 4.41 % abc | -3.82 % |
| Downtown Manhattan Retail | 0.25 | 0.0 | 0.25 | 3.62 % | 0 % |
| Total Manhattan Retail | 2.05 | 0.17 | 2.22 | % | -4.73 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.93 million RSF to 0.95 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.31 million RSF.
- Midtown South Retail space vacancies increased from 0.5 million RSF to 0.52 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.12 million RSF.
