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August 2013 » 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 | 0.41 | 0.02 | 0.43 | 2.8 % | -0.76 % |
| Midtown South Manhattan Retail | 0.3 | 0.01 | 0.3 | 1.8 % | 1.77 % |
| Downtown Manhattan Retail | 0.26 | 0.01 | 0.27 | 3.1 % | 1.12 % |
| Total Manhattan Retail | 0.97 | 0.03 | 1.0 | 2.4 % | 18.82 % |
| 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 | 0.7 | 0.09 | 0.79 | 4.96 % | -0.76 % |
| Midtown South Manhattan Retail | 0.65 | 0.02 | 0.68 | 3.35 % abc | 1.77 % |
| Downtown Manhattan Retail | 0.26 | 0.01 | 0.27 | 4.7 % | 0 % |
| Total Manhattan Retail | 1.62 | 0.12 | 1.74 | % | 0.52 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.82 million RSF to 1.0 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.36 million RSF to 0.43 million RSF.
- Midtown South Retail space vacancies increased from 0.29 million RSF to 0.3 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.17 million RSF to 0.27 million RSF.
