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September 2011

September 2011 » Market Analysis » New York Retail Report

September 2011 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 0.31 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.
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