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March 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 | 0.39 | 0.02 | 0.41 | 2.4 % | -2.22 % |
| Midtown South Manhattan Retail | 0.24 | 0.01 | 0.24 | 1.3 % | -4.29 % |
| Downtown Manhattan Retail | 0.14 | 0.0 | 0.14 | 2.6 % | 2.39 % |
| Total Manhattan Retail | 0.77 | 0.03 | 0.8 | 1.9 % | 3.11 % |
| 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 | 0.77 | 0.13 | 0.9 | 4.87 % | -2.22 % |
| Midtown South Manhattan Retail | 0.62 | 0.03 | 0.65 | 2.97 % abc | -4.29 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.25 | 3.97 % | 0 % |
| Total Manhattan Retail | 1.64 | 0.16 | 1.8 | % | -2.33 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.78 million RSF to 0.8 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.39 million RSF to 0.41 million RSF.
- Midtown South Retail space vacancies stayed at 0.24 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF
