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June 2011

June 2011 » Market Analysis » New York Retail Report

June 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 % -4.92 %
Midtown South Manhattan Retail 0.52 0.0 0.52 2.2 % -3.82 %
Downtown Manhattan Retail 0.12 0.0 0.12 1.8 % -8.37 %
Total Manhattan Retail 0.95 0.01 0.95 2.0 % 2.45 %
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 0.66 0.13 0.79 4.25 % -4.92 %
Midtown South Manhattan Retail 1.14 0.04 1.18 4.41 % abc -3.82 %
Downtown Manhattan Retail 0.25 0.0 0.25 3.62 % 0.0 %
Total Manhattan Retail 2.05 0.17 2.22 % -4.73 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.93 million RSF to 0.95 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.31 million RSF.
  • Midtown South Retail space vacancies increased from 0.5 million RSF to 0.52 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.12 million RSF.
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