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October 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 | 1.9 % | 1.59 % |
| Midtown South Manhattan Retail | 0.44 | 0.0 | 0.45 | 2.1 % | -6.33 % |
| Downtown Manhattan Retail | 0.21 | 0.0 | 0.21 | 3.2 % | -6.71 % |
| Total Manhattan Retail | 0.96 | 0.01 | 0.97 | 2.2 % | -3.92 % |
| 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 | 0.69 | 0.12 | 0.82 | 4.57 % | 1.59 % |
| Midtown South Manhattan Retail | 0.99 | 0.05 | 1.04 | 4.07 % abc | -6.33 % |
| Downtown Manhattan Retail | 0.29 | 0.0 | 0.3 | 4.33 % | 0 % |
| Total Manhattan Retail | 1.98 | 0.18 | 2.16 | % | -3.39 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.97 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.32 million RSF to 0.31 million RSF
- Midtown South Retail space vacancies decreased from 0.47 million RSF to 0.45 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.23 million RSF to 0.21 million RSF
