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January 2011

January 2011 » Market Analysis » New York Retail Report

January 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 0.25 0.0 0.25 1.6 % 4.57 %
Midtown South Manhattan Retail 0.46 0.01 0.46 2.1 % 1.75 %
Downtown Manhattan Retail 0.1 0.01 0.11 1.5 % -11.01 %
Total Manhattan Retail 0.8 0.02 0.82 1.8 % -5.58 %
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 0.12 0.77 4.15 % 4.57 %
Midtown South Manhattan Retail 1.21 0.05 1.25 4.49 % abc 1.75 %
Downtown Manhattan Retail 0.26 0.01 0.27 3.74 % 0.0 %
Total Manhattan Retail 2.11 0.18 2.29 % 1.18 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.86 million RSF to 0.82 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.25 million RSF.
  • Midtown South Retail space vacancies decreased from 0.5 million RSF to 0.46 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.13 million RSF to 0.11 million RSF
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