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December 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 | 0.32 | 0.03 | 0.35 | 3.0 % | 3.32 % |
| Midtown South Manhattan Retail | 0.35 | 0.01 | 0.36 | 2.4 % | -1.33 % |
| Downtown Manhattan Retail | 0.28 | 0.0 | 0.28 | 7.2 % | 0.0 % |
| Total Manhattan Retail | 0.95 | 0.03 | 0.99 | 3.1 % | 1.93 % |
| 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 | 0.84 | 0.09 | 0.93 | 5.69 % | 3.32 % |
| Midtown South Manhattan Retail | 0.93 | 0.05 | 0.98 | 5.69 % abc | -1.33 % |
| Downtown Manhattan Retail | 0.33 | 0.03 | 0.36 | 9.03 % | 0 % |
| Total Manhattan Retail | 2.1 | 0.17 | 2.27 | % | 0.79 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.97 million RSF to 0.99 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.33 million RSF to 0.35 million RSF.
- Midtown South Retail space vacancies stayed at 0.36 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.28 million RSF.
