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November 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 | 0.35 | 0.01 | 0.35 | 2.1 % | -1.24 % |
| Midtown South Manhattan Retail | 0.42 | 0.0 | 0.42 | 1.8 % | -12.16 % |
| Downtown Manhattan Retail | 0.21 | 0.0 | 0.22 | 3.3 % | 17.91 % |
| Total Manhattan Retail | 0.98 | 0.01 | 0.99 | 2.1 % | 1.62 % |
| 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 | 0.67 | 0.14 | 0.81 | 4.57 % | -1.24 % |
| Midtown South Manhattan Retail | 0.88 | 0.04 | 0.93 | 3.69 % abc | -12.16 % |
| Downtown Manhattan Retail | 0.36 | 0.0 | 0.36 | 5.32 % | 0 % |
| Total Manhattan Retail | 1.91 | 0.19 | 2.1 | % | -2.76 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.97 million RSF to 0.99 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.31 million RSF to 0.35 million RSF.
- Midtown South Retail space vacancies decreased from 0.45 million RSF to 0.42 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.21 million RSF to 0.22 million RSF.
