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August 2014 » 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 | 0.28 | 0.02 | 0.3 | 2.4 % | -0.41 % |
| Midtown South Manhattan Retail | 0.38 | 0.01 | 0.39 | 2.8 % | -5.84 % |
| Downtown Manhattan Retail | 0.26 | 0.0 | 0.26 | 5.3 % | -0.34 % |
| Total Manhattan Retail | 0.92 | 0.03 | 0.95 | 3.0 % | 0.94 % |
| 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 | 0.89 | 0.09 | 0.97 | 5.73 % | -0.41 % |
| Midtown South Manhattan Retail | 0.7 | 0.05 | 0.75 | 4.04 % abc | -5.84 % |
| Downtown Manhattan Retail | 0.29 | 0.0 | 0.29 | 5.85 % | 0 % |
| Total Manhattan Retail | 1.88 | 0.14 | 2.02 | % | -2.43 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.94 million RSF to 0.95 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.3 million RSF.
- Midtown South Retail space vacancies decreased from 0.43 million RSF to 0.39 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.21 million RSF to 0.26 million RSF.
