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January 2013

January 2013 » Market Analysis » New York Retail Report

January 2013 NY Retail Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.38 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.
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