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January 2012

January 2012 » Market Analysis » New York Retail Report

January 2012 Manhattan 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 % -6.68 %
Midtown South Manhattan Retail 0.41 0.01 0.42 1.9 % -1.77 %
Downtown Manhattan Retail 0.19 0.0 0.19 3.0 % -1.16 %
Total Manhattan Retail 0.89 0.01 0.9 2.0 % -4.99 %
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 0.63 0.11 0.75 4.19 % -6.68 %
Midtown South Manhattan Retail 0.85 0.05 0.9 3.62 % abc -1.77 %
Downtown Manhattan Retail 0.34 0.01 0.34 5.05 % 0.0 %
Total Manhattan Retail 1.82 0.18 2.0 % -3.51 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.95 million RSF to 0.9 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.35 million RSF to 0.29 million RSF
  • Midtown South Retail space vacancies increased from 0.41 million RSF to 0.42 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.19 million RSF.
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