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December 2011

December 2011 » Market Analysis » New York Retail Report

December 2011 New York 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 0.34 0.0 0.35 2.0 % -1.0 %
Midtown South Manhattan Retail 0.4 0.0 0.41 1.8 % -0.98 %
Downtown Manhattan Retail 0.19 0.0 0.19 3.1 % -4.04 %
Total Manhattan Retail 0.94 0.0 0.95 2.0 % -4.23 %
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 0.66 0.14 0.8 4.51 % -1.0 %
Midtown South Manhattan Retail 0.87 0.05 0.92 3.68 % abc -0.98 %
Downtown Manhattan Retail 0.34 0.01 0.35 5.1 % 0.0 %
Total Manhattan Retail 1.88 0.19 2.07 % -1.5 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.99 million RSF to 0.95 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
  • Midtown South Retail space vacancies decreased from 0.42 million RSF to 0.41 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.22 million RSF to 0.19 million RSF
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