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December 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 | 0.35 | 0.02 | 0.37 | 3.4 % | 1.05 % |
| Midtown South Manhattan Retail | 0.35 | 0.01 | 0.36 | 3.1 % | -19.8 % |
| Downtown Manhattan Retail | 0.26 | 0.0 | 0.26 | 7.1 % | 0.0 % |
| Total Manhattan Retail | 0.96 | 0.03 | 0.99 | 3.6 % | -4.05 % |
| 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 | 0.05 | 0.95 | 5.63 % | 1.05 % |
| Midtown South Manhattan Retail | 0.62 | 0.07 | 0.7 | 4.15 % abc | -19.8 % |
| Downtown Manhattan Retail | 0.3 | 0.01 | 0.3 | 7.88 % | 0 % |
| Total Manhattan Retail | 1.82 | 0.13 | 1.95 | % | -6.57 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.03 million RSF to 0.99 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.37 million RSF.
- Midtown South Retail space vacancies decreased from 0.4 million RSF to 0.36 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.
