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February 2012

February 2012 » Market Analysis » New York Retail Report

February 2012 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 0.29 0.0 0.29 1.8 % -9.2 %
Midtown South Manhattan Retail 0.38 0.01 0.39 1.8 % -1.57 %
Downtown Manhattan Retail 0.18 0.0 0.18 3.0 % -2.59 %
Total Manhattan Retail 0.86 0.01 0.86 2.0 % -4.28 %
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 0.58 0.1 0.68 3.76 % -9.2 %
Midtown South Manhattan Retail 0.83 0.06 0.89 3.57 % abc -1.57 %
Downtown Manhattan Retail 0.33 0.01 0.34 4.92 % 0.0 %
Total Manhattan Retail 1.74 0.17 1.91 % -4.48 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.9 million RSF to 0.86 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.29 million RSF.
  • Midtown South Retail space vacancies decreased from 0.42 million RSF to 0.39 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.19 million RSF to 0.18 million RSF
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