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April 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 | 0.3 | 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.
