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August 2015 » 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 | 0.31 | 0.04 | 0.35 | 2.7 % | -4.82 % |
| Midtown South Manhattan Retail | 0.34 | 0.01 | 0.36 | 3.1 % | 4.62 % |
| Downtown Manhattan Retail | 0.27 | 0.0 | 0.27 | 7.2 % | -3.45 % |
| Total Manhattan Retail | 0.92 | 0.06 | 0.98 | 3.3 % | -3.18 % |
| 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 | 0.9 | 0.09 | 0.99 | 5.78 % | -4.82 % |
| Midtown South Manhattan Retail | 0.78 | 0.07 | 0.84 | 4.98 % abc | 4.62 % |
| Downtown Manhattan Retail | 0.3 | 0.02 | 0.32 | 8.22 % | 0 % |
| Total Manhattan Retail | 1.98 | 0.18 | 2.16 | % | -0.93 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.98 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.38 million RSF to 0.35 million RSF
- Midtown South Retail space vacancies increased from 0.35 million RSF to 0.36 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.28 million RSF to 0.27 million RSF
