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November 2012

November 2012 » Market Analysis » New York Retail Report

November 2012 Manhattan 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 0.0 0.39 2.4 % 1.32 %
Midtown South Manhattan Retail 0.25 0.02 0.26 1.4 % -0.96 %
Downtown Manhattan Retail 0.15 0.0 0.15 2.5 % -2.36 %
Total Manhattan Retail 0.78 0.02 0.8 1.9 % -4.0 %
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 0.8 0.11 0.91 5.1 % 1.32 %
Midtown South Manhattan Retail 0.7 0.03 0.73 3.25 % abc -0.96 %
Downtown Manhattan Retail 0.25 0.0 0.25 3.86 % 0.0 %
Total Manhattan Retail 1.75 0.14 1.89 % -0.05 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.83 million RSF to 0.8 million RSF
  • Midtown Manhattan Retail vacancy increased from 0.36 million RSF to 0.39 million RSF.
  • Midtown South Retail space vacancies decreased from 0.32 million RSF to 0.26 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
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