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August 2011

August 2011 » Market Analysis » New York Retail Report

August 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 0.32 0.01 0.33 2.0 % 0.0 %
Midtown South Manhattan Retail 0.52 0.0 0.52 2.3 % -0.51 %
Downtown Manhattan Retail 0.12 0.0 0.12 1.9 % -5.36 %
Total Manhattan Retail 0.96 0.01 0.97 2.1 % 2.45 %
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 0.67 0.13 0.81 4.52 % 0.0 %
Midtown South Manhattan Retail 1.13 0.04 1.17 4.47 % abc -0.51 %
Downtown Manhattan Retail 0.22 0.0 0.22 3.27 % 0.0 %
Total Manhattan Retail 2.02 0.18 2.2 % -0.82 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.94 million RSF to 0.97 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.31 million RSF to 0.33 million RSF.
  • Midtown South Retail space vacancies increased from 0.5 million RSF to 0.52 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.12 million RSF
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