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June 2013

June 2013 » Market Analysis » New York Retail Report

June 2013 NY 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 0.36 0.02 0.38 3.2 % 2.3 %
Midtown South Manhattan Retail 0.31 0.01 0.31 2.0 % -0.29 %
Downtown Manhattan Retail 0.15 0.0 0.15 2.9 % 2.35 %
Total Manhattan Retail 0.82 0.03 0.85 2.6 % 2.0 %
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 0.72 0.11 0.83 5.19 % 2.3 %
Midtown South Manhattan Retail 0.64 0.04 0.68 3.38 % abc -0.29 %
Downtown Manhattan Retail 0.25 0.01 0.26 4.52 % 0.0 %
Total Manhattan Retail 1.61 0.15 1.76 % 1.31 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.83 million RSF to 0.85 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.38 million RSF.
  • Midtown South Retail space vacancies increased from 0.3 million RSF to 0.31 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
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