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June 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 | 0.36 | 0.02 | 0.38 | 3.2 % | 2.3 % |
| Midtown South Manhattan Retail | 0.31 | 0.01 | 0.31 | 2.0 % | -0.29 % |
| Downtown Manhattan Retail | 0.15 | 0.0 | 0.15 | 2.9 % | 2.35 % |
| Total Manhattan Retail | 0.82 | 0.03 | 0.85 | 2.6 % | 2.0 % |
| 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 | 0.72 | 0.11 | 0.83 | 5.19 % | 2.3 % |
| Midtown South Manhattan Retail | 0.64 | 0.04 | 0.68 | 3.38 % abc | -0.29 % |
| Downtown Manhattan Retail | 0.25 | 0.01 | 0.26 | 4.52 % | 0 % |
| Total Manhattan Retail | 1.61 | 0.15 | 1.76 | % | 1.31 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.83 million RSF to 0.85 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.38 million RSF.
- Midtown South Retail space vacancies increased from 0.3 million RSF to 0.31 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
