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March 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 | 0.22 | 0.0 | 0.22 | 1.6 % | 4.8 % |
| Midtown South Manhattan Retail | 0.49 | 0.0 | 0.49 | 2.0 % | -6.32 % |
| Downtown Manhattan Retail | 0.1 | 0.0 | 0.1 | 1.5 % | 2.78 % |
| Total Manhattan Retail | 0.81 | 0.01 | 0.81 | 1.8 % | -2.59 % |
| 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 | 0.68 | 0.14 | 0.81 | 4.53 % | 4.8 % |
| Midtown South Manhattan Retail | 1.11 | 0.04 | 1.16 | 4.21 % abc | -6.32 % |
| Downtown Manhattan Retail | 0.27 | 0.0 | 0.27 | 3.81 % | 0 % |
| Total Manhattan Retail | 2.06 | 0.18 | 2.24 | % | -1.18 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.83 million RSF to 0.81 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.23 million RSF to 0.22 million RSF
- Midtown South Retail space vacancies decreased from 0.5 million RSF to 0.49 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.1 million RSF.
