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November 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 | 0.39 | 0.0 | 0.39 | 2.4 % | 1.32 % |
| Midtown South Manhattan Retail | 0.25 | 0.02 | 0.26 | 1.4 % | -0.96 % |
| Downtown Manhattan Retail | 0.15 | 0.0 | 0.15 | 2.5 % | -2.36 % |
| Total Manhattan Retail | 0.78 | 0.02 | 0.8 | 1.9 % | -4.0 % |
| 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 | 0.8 | 0.11 | 0.91 | 5.1 % | 1.32 % |
| Midtown South Manhattan Retail | 0.7 | 0.03 | 0.73 | 3.25 % abc | -0.96 % |
| Downtown Manhattan Retail | 0.25 | 0.0 | 0.25 | 3.86 % | 0 % |
| Total Manhattan Retail | 1.75 | 0.14 | 1.89 | % | -0.05 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.83 million RSF to 0.8 million RSF
- Midtown Manhattan Retail vacancy increased from 0.36 million RSF to 0.39 million RSF.
- Midtown South Retail space vacancies decreased from 0.32 million RSF to 0.26 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
