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February 2016 » 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 | 0.03 | 0.36 | 3.1 % | 4.66 % |
| Midtown South Manhattan Retail | 0.4 | 0.01 | 0.41 | 2.7 % | -1.52 % |
| Downtown Manhattan Retail | 0.23 | 0.0 | 0.23 | 6.1 % | -10.46 % |
| Total Manhattan Retail | 0.96 | 0.04 | 1.0 | 3.2 % | -3.32 % |
| 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 | 5.92 % | 4.66 % |
| Midtown South Manhattan Retail | 0.94 | 0.04 | 0.98 | 5.74 % abc | -1.52 % |
| Downtown Manhattan Retail | 0.3 | 0.03 | 0.33 | 8.35 % | 0 % |
| Total Manhattan Retail | 2.14 | 0.16 | 2.3 | % | -0.13 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.03 million RSF to 1.0 million RSF
- Midtown Manhattan Retail vacancy increased from 0.35 million RSF to 0.36 million RSF.
- Midtown South Retail space vacancies stayed at 0.41 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.23 million RSF
