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September 2012 » 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 | 0.37 | 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
