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February 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 | 0.24 | 0.02 | 0.26 | 3.2 % | -12.66 % |
| Midtown South Manhattan Retail | 0.37 | 0.01 | 0.38 | 2.4 % | 1.46 % |
| Downtown Manhattan Retail | 0.16 | 0.0 | 0.16 | 3.1 % | -2.9 % |
| Total Manhattan Retail | 0.77 | 0.03 | 0.8 | 2.8 % | -9.21 % |
| 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 | 0.7 | 0.07 | 0.77 | 4.64 % | -12.66 % |
| Midtown South Manhattan Retail | 0.79 | 0.03 | 0.82 | 4.11 % abc | 1.46 % |
| Downtown Manhattan Retail | 0.27 | 0.01 | 0.28 | 4.82 % | 0 % |
| Total Manhattan Retail | 1.76 | 0.11 | 1.87 | % | -5.03 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.88 million RSF to 0.8 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.36 million RSF to 0.26 million RSF
- Midtown South Retail space vacancies increased from 0.35 million RSF to 0.38 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
