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April 2011

April 2011 » Market Analysis » New York Retail Report

April 2011 NYC Retail Space Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.23 0.01 0.24 1.7 % 1.93 %
Midtown South Manhattan Retail 0.48 0.0 0.49 2.0 % 1.7 %
Downtown Manhattan Retail 0.12 0.0 0.12 1.8 % -8.1 %
Total Manhattan Retail 0.83 0.01 0.84 1.9 % 3.18 %
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 0.14 0.83 4.61 % 1.93 %
Midtown South Manhattan Retail 1.14 0.04 1.18 4.28 % abc 1.7 %
Downtown Manhattan Retail 0.25 0.0 0.25 3.53 % 0.0 %
Total Manhattan Retail 2.07 0.18 2.26 % 0.69 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.84 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.22 million RSF to 0.24 million RSF.
  • Midtown South Retail space vacancies stayed at 0.49 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.1 million RSF to 0.12 million RSF.
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