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August 2011 » 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 | 0.32 | 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
