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March 2011

March 2011 » Market Analysis » New York Retail Report

March 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 0.22 0.0 0.22 1.6 % 4.8 %
Midtown South Manhattan Retail 0.49 0.0 0.49 2.0 % -6.32 %
Downtown Manhattan Retail 0.1 0.0 0.1 1.5 % 2.78 %
Total Manhattan Retail 0.81 0.01 0.81 1.8 % -2.59 %
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 0.68 0.14 0.81 4.53 % 4.8 %
Midtown South Manhattan Retail 1.11 0.04 1.16 4.21 % abc -6.32 %
Downtown Manhattan Retail 0.27 0.0 0.27 3.81 % 0.0 %
Total Manhattan Retail 2.06 0.18 2.24 % -1.18 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.83 million RSF to 0.81 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.23 million RSF to 0.22 million RSF
  • Midtown South Retail space vacancies decreased from 0.5 million RSF to 0.49 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.1 million RSF.
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