market research

April 2012

April 2012 » Market Analysis » New York Retail Report

April 2012 NYC Retail Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.3 0.0 0.31 2.0 % 5.06 %
Midtown South Manhattan Retail 0.38 0.01 0.38 1.7 % 13.38 %
Downtown Manhattan Retail 0.2 0.0 0.2 3.2 % -5.17 %
Total Manhattan Retail 0.88 0.01 0.89 2.0 % 1.46 %
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 0.71 0.1 0.81 4.47 % 5.06 %
Midtown South Manhattan Retail 0.9 0.06 0.96 3.93 % abc 13.38 %
Downtown Manhattan Retail 0.3 0.0 0.31 4.54 % 0.0 %
Total Manhattan Retail 1.92 0.17 2.08 % 7.4 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.88 million RSF to 0.89 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.31 million RSF.
  • Midtown South Retail space vacancies stayed at 0.38 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.18 million RSF to 0.2 million RSF.
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