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February 2011

February 2011 » Market Analysis » New York Retail Report

February 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 0.23 0.0 0.23 1.6 % 1.03 %
Midtown South Manhattan Retail 0.49 0.01 0.5 2.2 % -2.12 %
Downtown Manhattan Retail 0.1 0.0 0.1 1.5 % -2.44 %
Total Manhattan Retail 0.82 0.01 0.83 1.9 % 1.86 %
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 0.64 0.13 0.77 4.22 % 1.03 %
Midtown South Manhattan Retail 1.18 0.05 1.23 4.45 % abc -2.12 %
Downtown Manhattan Retail 0.27 0.0 0.27 3.58 % 0.0 %
Total Manhattan Retail 2.08 0.18 2.27 % -1.08 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.82 million RSF to 0.83 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.25 million RSF to 0.23 million RSF
  • Midtown South Retail space vacancies increased from 0.46 million RSF to 0.5 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.11 million RSF to 0.1 million RSF
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