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December 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 | 0.33 | 0.02 | 0.35 | 2.9 % | -1.59 % |
| Midtown South Manhattan Retail | 0.34 | 0.01 | 0.35 | 1.9 % | 5.32 % |
| Downtown Manhattan Retail | 0.16 | 0.0 | 0.16 | 3.0 % | 0.0 % |
| Total Manhattan Retail | 0.84 | 0.03 | 0.87 | 2.4 % | 3.64 % |
| 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 | 0.08 | 0.88 | 5.57 % | -1.59 % |
| Midtown South Manhattan Retail | 0.67 | 0.04 | 0.71 | 3.56 % abc | 5.32 % |
| Downtown Manhattan Retail | 0.24 | 0.0 | 0.24 | 4.27 % | 0 % |
| Total Manhattan Retail | 1.72 | 0.12 | 1.84 | % | 1.31 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.84 million RSF to 0.87 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
- Midtown South Retail space vacancies increased from 0.32 million RSF to 0.35 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
