market research

February 2013

February 2013 » Market Analysis » New York Retail Report

February 2013 NYC Retail Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.37 0.02 0.39 2.3 % 2.17 %
Midtown South Manhattan Retail 0.23 0.01 0.24 1.3 % -0.74 %
Downtown Manhattan Retail 0.14 0.01 0.15 2.5 % -0.53 %
Total Manhattan Retail 0.75 0.03 0.78 1.9 % -2.96 %
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 0.8 0.12 0.92 4.93 % 2.17 %
Midtown South Manhattan Retail 0.65 0.03 0.68 3.08 % abc -0.74 %
Downtown Manhattan Retail 0.24 0.01 0.24 3.78 % 0.0 %
Total Manhattan Retail 1.69 0.16 1.85 % 0.74 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.8 million RSF to 0.78 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.4 million RSF to 0.39 million RSF
  • Midtown South Retail space vacancies decreased from 0.26 million RSF to 0.24 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
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