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March 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 | 0.31 | 0.0 | 0.31 | 1.8 % | 11.04 % |
| Midtown South Manhattan Retail | 0.38 | 0.01 | 0.38 | 1.7 % | -6.59 % |
| Downtown Manhattan Retail | 0.18 | 0.0 | 0.18 | 3.0 % | -3.99 % |
| Total Manhattan Retail | 0.87 | 0.01 | 0.88 | 1.9 % | 1.48 % |
| 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 | 0.67 | 0.1 | 0.77 | 4.2 % | 11.04 % |
| Midtown South Manhattan Retail | 0.78 | 0.06 | 0.84 | 3.37 % abc | -6.59 % |
| Downtown Manhattan Retail | 0.32 | 0.01 | 0.32 | 4.74 % | 0.0 % |
| Total Manhattan Retail | 1.76 | 0.17 | 1.93 | % | 0.89 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.86 million RSF to 0.88 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.29 million RSF to 0.31 million RSF.
- Midtown South Retail space vacancies decreased from 0.39 million RSF to 0.38 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.18 million RSF.
