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June 2012

June 2012 » Market Analysis » New York Retail Report

June 2012 Manhattan 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 0.29 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
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