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May 2013

May 2013 » Market Analysis » New York Retail Report

May 2013 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 0.36 0.02 0.38 3.4 % -5.7 %
Midtown South Manhattan Retail 0.29 0.01 0.3 1.8 % 0.29 %
Downtown Manhattan Retail 0.15 0.0 0.15 2.8 % 1.2 %
Total Manhattan Retail 0.8 0.03 0.83 2.5 % 3.36 %
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 0.68 0.13 0.81 5.12 % -5.7 %
Midtown South Manhattan Retail 0.65 0.03 0.68 3.36 % abc 0.29 %
Downtown Manhattan Retail 0.24 0.01 0.25 4.42 % 0.0 %
Total Manhattan Retail 1.57 0.16 1.74 % -2.36 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.83 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.37 million RSF to 0.38 million RSF.
  • Midtown South Retail space vacancies increased from 0.29 million RSF to 0.3 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
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