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July 2012

July 2012 » Market Analysis » New York Retail Report

July 2012 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 0.32 0.0 0.32 1.9 % 5.8 %
Midtown South Manhattan Retail 0.35 0.01 0.36 2.3 % -14.51 %
Downtown Manhattan Retail 0.17 0.0 0.17 2.9 % 4.07 %
Total Manhattan Retail 0.84 0.01 0.85 2.3 % 4.64 %
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 0.69 0.1 0.79 4.39 % 5.8 %
Midtown South Manhattan Retail 0.73 0.03 0.77 3.21 % abc -14.51 %
Downtown Manhattan Retail 0.28 0.0 0.28 4.31 % 0.0 %
Total Manhattan Retail 1.71 0.13 1.84 % -2.9 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.85 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.29 million RSF to 0.32 million RSF.
  • Midtown South Retail space vacancies increased from 0.35 million RSF to 0.36 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.
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