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May 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 | 3.4 % | -5.7 % |
| Midtown South Manhattan Retail | 0.29 | 0.01 | 0.3 | 1.8 % | 0.29 % |
| Downtown Manhattan Retail | 0.15 | 0.0 | 0.15 | 2.8 % | 1.2 % |
| Total Manhattan Retail | 0.8 | 0.03 | 0.83 | 2.5 % | 3.36 % |
| 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 | 0.13 | 0.81 | 5.12 % | -5.7 % |
| Midtown South Manhattan Retail | 0.65 | 0.03 | 0.68 | 3.36 % abc | 0.29 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.25 | 4.42 % | 0 % |
| Total Manhattan Retail | 1.57 | 0.16 | 1.74 | % | -2.36 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.83 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.37 million RSF to 0.38 million RSF.
- Midtown South Retail space vacancies increased from 0.29 million RSF to 0.3 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
