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May 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 | 2.0 % | 0.36 % |
| Midtown South Manhattan Retail | 0.5 | 0.0 | 0.5 | 2.0 % | 3.92 % |
| Downtown Manhattan Retail | 0.12 | 0.0 | 0.12 | 1.8 % | 6.99 % |
| Total Manhattan Retail | 0.92 | 0.01 | 0.93 | 2.0 % | 9.83 % |
| 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 | 0.7 | 0.13 | 0.83 | 4.57 % | 0.36 % |
| Midtown South Manhattan Retail | 1.19 | 0.04 | 1.22 | 4.5 % abc | 3.92 % |
| Downtown Manhattan Retail | 0.27 | 0.0 | 0.27 | 3.88 % | 0 % |
| Total Manhattan Retail | 2.16 | 0.17 | 2.33 | % | 3.01 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.84 million RSF to 0.93 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.31 million RSF.
- Midtown South Retail space vacancies increased from 0.49 million RSF to 0.5 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.12 million RSF.
