market research

September 2012

September 2012 » Market Analysis » New York Retail Report

September 2012 NYC Retail Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.37 0.0 0.37 2.5 % -3.63 %
Midtown South Manhattan Retail 0.31 0.02 0.33 2.0 % -2.48 %
Downtown Manhattan Retail 0.15 0.0 0.15 2.6 % -13.01 %
Total Manhattan Retail 0.83 0.02 0.85 2.3 % -8.55 %
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 0.1 0.91 5.06 % -3.63 %
Midtown South Manhattan Retail 0.69 0.04 0.73 3.19 % abc -2.48 %
Downtown Manhattan Retail 0.25 0.0 0.25 3.86 % 0.0 %
Total Manhattan Retail 1.74 0.14 1.89 % -4.45 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.92 million RSF to 0.85 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.4 million RSF to 0.37 million RSF
  • Midtown South Retail space vacancies decreased from 0.34 million RSF to 0.33 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.17 million RSF to 0.15 million RSF
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