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July 2012 » 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 | 0.32 | 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.
