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May 2012

May 2012 » Market Analysis » New York Retail Report

May 2012 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 0.28 0.0 0.28 1.7 % -9.74 %
Midtown South Manhattan Retail 0.35 0.01 0.36 1.9 % -7.23 %
Downtown Manhattan Retail 0.21 0.0 0.21 3.4 % 0.39 %
Total Manhattan Retail 0.84 0.01 0.84 2.0 % -5.57 %
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 0.64 0.1 0.74 4.06 % -9.74 %
Midtown South Manhattan Retail 0.85 0.05 0.9 3.73 % abc -7.23 %
Downtown Manhattan Retail 0.31 0.0 0.31 4.55 % 0.0 %
Total Manhattan Retail 1.79 0.16 1.95 % -6.98 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.89 million RSF to 0.84 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.31 million RSF to 0.28 million RSF
  • Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.36 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.2 million RSF to 0.21 million RSF.
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