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June 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 | 0.29 | 0.0 | 0.29 | 1.8 % | 1.07 % |
| Midtown South Manhattan Retail | 0.34 | 0.01 | 0.35 | 1.8 % | -2.63 % |
| Downtown Manhattan Retail | 0.17 | 0.0 | 0.17 | 2.6 % | -13.21 % |
| Total Manhattan Retail | 0.8 | 0.01 | 0.81 | 1.9 % | -4.2 % |
| 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 | 0.65 | 0.1 | 0.75 | 4.15 % | 1.07 % |
| Midtown South Manhattan Retail | 0.83 | 0.05 | 0.88 | 3.63 % abc | -2.63 % |
| Downtown Manhattan Retail | 0.27 | 0.0 | 0.27 | 4.03 % | 0.0 % |
| Total Manhattan Retail | 1.75 | 0.15 | 1.9 | % | -2.69 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.84 million RSF to 0.81 million RSF
- Midtown Manhattan Retail vacancy increased from 0.28 million RSF to 0.29 million RSF.
- Midtown South Retail space vacancies decreased from 0.36 million RSF to 0.35 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.21 million RSF to 0.17 million RSF
