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August 2012

August 2012 » Market Analysis » New York Retail Report

August 2012 NY 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 0.4 0.0 0.4 2.4 % 15.73 %
Midtown South Manhattan Retail 0.34 0.01 0.34 2.2 % -2.82 %
Downtown Manhattan Retail 0.17 0.0 0.17 2.9 % 0.85 %
Total Manhattan Retail 0.91 0.01 0.92 2.4 % 7.81 %
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 0.83 0.11 0.94 5.19 % 15.73 %
Midtown South Manhattan Retail 0.71 0.04 0.74 3.16 % abc -2.82 %
Downtown Manhattan Retail 0.28 0.0 0.29 4.36 % 0.0 %
Total Manhattan Retail 1.83 0.14 1.97 % 6.57 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.85 million RSF to 0.92 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.32 million RSF to 0.4 million RSF.
  • Midtown South Retail space vacancies decreased from 0.36 million RSF to 0.34 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.
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