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October 2011

October 2011 » Market Analysis » New York Retail Report

October 2011 NY 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 1.9 % 1.59 %
Midtown South Manhattan Retail 0.44 0.0 0.45 2.1 % -6.33 %
Downtown Manhattan Retail 0.21 0.0 0.21 3.2 % -6.71 %
Total Manhattan Retail 0.96 0.01 0.97 2.2 % -3.92 %
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 0.69 0.12 0.82 4.57 % 1.59 %
Midtown South Manhattan Retail 0.99 0.05 1.04 4.07 % abc -6.33 %
Downtown Manhattan Retail 0.29 0.0 0.3 4.33 % 0.0 %
Total Manhattan Retail 1.98 0.18 2.16 % -3.39 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.97 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.32 million RSF to 0.31 million RSF
  • Midtown South Retail space vacancies decreased from 0.47 million RSF to 0.45 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.23 million RSF to 0.21 million RSF
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