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January 2013 » Market Analysis » New York Retail Report
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| NEW YORK RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Retail | 0.38 | 0.02 | 0.4 | 2.4 % | -1.78 % |
| Midtown South Manhattan Retail | 0.24 | 0.01 | 0.26 | 1.4 % | -9.2 % |
| Downtown Manhattan Retail | 0.14 | 0.0 | 0.15 | 2.6 % | 0.0 % |
| Total Manhattan Retail | 0.77 | 0.03 | 0.8 | 2.0 % | -0.84 % |
| 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 | 0.78 | 0.12 | 0.9 | 4.94 % | -1.78 % |
| Midtown South Manhattan Retail | 0.65 | 0.04 | 0.69 | 3.06 % abc | -9.2 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.25 | 3.79 % | 0.0 % |
| Total Manhattan Retail | 1.67 | 0.16 | 1.83 | % | -4.31 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.81 million RSF to 0.8 million RSF
- Midtown Manhattan Retail vacancy increased from 0.38 million RSF to 0.4 million RSF.
- Midtown South Retail space vacancies decreased from 0.28 million RSF to 0.26 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
