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October 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 | 0.36 | 0.0 | 0.36 | 2.3 % | -1.23 % |
| Midtown South Manhattan Retail | 0.3 | 0.02 | 0.32 | 1.6 % | 1.76 % |
| Downtown Manhattan Retail | 0.15 | 0.0 | 0.15 | 2.5 % | 2.42 % |
| Total Manhattan Retail | 0.82 | 0.02 | 0.83 | 2.0 % | -1.92 % |
| 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 | 0.79 | 0.1 | 0.9 | 5.02 % | -1.23 % |
| Midtown South Manhattan Retail | 0.7 | 0.04 | 0.74 | 3.28 % abc | 1.76 % |
| Downtown Manhattan Retail | 0.26 | 0.0 | 0.26 | 3.94 % | 0 % |
| Total Manhattan Retail | 1.75 | 0.15 | 1.9 | % | 0.44 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.85 million RSF to 0.83 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.37 million RSF to 0.36 million RSF
- Midtown South Retail space vacancies decreased from 0.33 million RSF to 0.32 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
