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March 2013

March 2013 » Market Analysis » New York Retail Report

March 2013 New York 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 0.39 0.02 0.41 2.4 % -2.22 %
Midtown South Manhattan Retail 0.24 0.01 0.24 1.3 % -4.29 %
Downtown Manhattan Retail 0.14 0.0 0.14 2.6 % 2.39 %
Total Manhattan Retail 0.77 0.03 0.8 1.9 % 3.11 %
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 0.77 0.13 0.9 4.87 % -2.22 %
Midtown South Manhattan Retail 0.62 0.03 0.65 2.97 % abc -4.29 %
Downtown Manhattan Retail 0.24 0.01 0.25 3.97 % 0.0 %
Total Manhattan Retail 1.64 0.16 1.8 % -2.33 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.78 million RSF to 0.8 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.39 million RSF to 0.41 million RSF.
  • Midtown South Retail space vacancies stayed at 0.24 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.15 million RSF to 0.14 million RSF
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