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July 2011

July 2011 » Market Analysis » New York Retail Report

July 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 0.31 0.01 0.31 1.9 % 1.49 %
Midtown South Manhattan Retail 0.49 0.0 0.5 2.2 % -0.17 %
Downtown Manhattan Retail 0.13 0.0 0.13 1.9 % -6.36 %
Total Manhattan Retail 0.93 0.01 0.94 2.1 % -1.25 %
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 0.67 0.13 0.81 4.53 % 1.49 %
Midtown South Manhattan Retail 1.14 0.04 1.18 4.48 % abc -0.17 %
Downtown Manhattan Retail 0.23 0.0 0.24 3.41 % 0.0 %
Total Manhattan Retail 2.04 0.18 2.22 % -0.23 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.95 million RSF to 0.94 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.31 million RSF.
  • Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.5 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.12 million RSF to 0.13 million RSF.
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