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September 2011 » Market Analysis » New York Retail Report
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| NEW YORK RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Retail | 0.31 | 0.01 | 0.32 | 1.9 % | -0.25 % |
| Midtown South Manhattan Retail | 0.46 | 0.0 | 0.47 | 2.1 % | -5.6 % |
| Downtown Manhattan Retail | 0.23 | 0.0 | 0.23 | 3.4 % | 29.56 % |
| Total Manhattan Retail | 1.0 | 0.01 | 1.01 | 2.2 % | 4.26 % |
| 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 | 0.11 | 0.8 | 4.55 % | -0.25 % |
| Midtown South Manhattan Retail | 1.07 | 0.04 | 1.11 | 4.31 % abc | -5.6 % |
| Downtown Manhattan Retail | 0.31 | 0.0 | 0.32 | 4.59 % | 0.0 % |
| Total Manhattan Retail | 2.07 | 0.16 | 2.23 | % | 1.35 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.01 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.33 million RSF to 0.32 million RSF
- Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.47 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.12 million RSF to 0.23 million RSF.
