market research

May 2011

May 2011 » Market Analysis » New York Retail Report

May 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 0.31 0.01 0.31 2.0 % 0.36 %
Midtown South Manhattan Retail 0.5 0.0 0.5 2.0 % 3.92 %
Downtown Manhattan Retail 0.12 0.0 0.12 1.8 % 6.99 %
Total Manhattan Retail 0.92 0.01 0.93 2.0 % 9.83 %
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 0.7 0.13 0.83 4.57 % 0.36 %
Midtown South Manhattan Retail 1.19 0.04 1.22 4.5 % abc 3.92 %
Downtown Manhattan Retail 0.27 0.0 0.27 3.88 % 0.0 %
Total Manhattan Retail 2.16 0.17 2.33 % 3.01 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.84 million RSF to 0.93 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.24 million RSF to 0.31 million RSF.
  • Midtown South Retail space vacancies increased from 0.49 million RSF to 0.5 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.12 million RSF.
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