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May 2012 » 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 | 0.28 | 0.0 | 0.28 | 1.7 % | -9.74 % |
| Midtown South Manhattan Retail | 0.35 | 0.01 | 0.36 | 1.9 % | -7.23 % |
| Downtown Manhattan Retail | 0.21 | 0.0 | 0.21 | 3.4 % | 0.39 % |
| Total Manhattan Retail | 0.84 | 0.01 | 0.84 | 2.0 % | -5.57 % |
| 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 | 0.64 | 0.1 | 0.74 | 4.06 % | -9.74 % |
| Midtown South Manhattan Retail | 0.85 | 0.05 | 0.9 | 3.73 % abc | -7.23 % |
| Downtown Manhattan Retail | 0.31 | 0.0 | 0.31 | 4.55 % | 0 % |
| Total Manhattan Retail | 1.79 | 0.16 | 1.95 | % | -6.98 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.89 million RSF to 0.84 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.31 million RSF to 0.28 million RSF
- Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.36 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.2 million RSF to 0.21 million RSF.
