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March 2012

March 2012 » Market Analysis » New York Retail Report

March 2012 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 0.31 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.
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