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April 2013

April 2013 » Market Analysis » New York Retail Report

April 2013 Manhattan 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 0.35 0.02 0.37 2.3 % -5.51 %
Midtown South Manhattan Retail 0.28 0.01 0.29 1.6 % 3.98 %
Downtown Manhattan Retail 0.15 0.0 0.15 2.5 % -2.03 %
Total Manhattan Retail 0.78 0.03 0.81 2.0 % 0.37 %
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 0.72 0.13 0.85 4.61 % -5.51 %
Midtown South Manhattan Retail 0.65 0.03 0.68 3.1 % abc 3.98 %
Downtown Manhattan Retail 0.24 0.01 0.25 3.91 % 0.0 %
Total Manhattan Retail 1.61 0.17 1.78 % -1.41 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.8 million RSF to 0.81 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.41 million RSF to 0.37 million RSF
  • Midtown South Retail space vacancies increased from 0.24 million RSF to 0.29 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.14 million RSF to 0.15 million RSF.
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