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January 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 | 0.34 | 0.02 | 0.36 | 2.8 % | -1.03 % |
| Midtown South Manhattan Retail | 0.34 | 0.01 | 0.35 | 2.3 % | 11.63 % |
| Downtown Manhattan Retail | 0.16 | 0.0 | 0.16 | 3.1 % | 14.44 % |
| Total Manhattan Retail | 0.84 | 0.03 | 0.88 | 2.6 % | 0.96 % |
| 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 | 0.87 | 5.22 % | -1.03 % |
| Midtown South Manhattan Retail | 0.77 | 0.04 | 0.81 | 4.01 % abc | 11.63 % |
| Downtown Manhattan Retail | 0.28 | 0.0 | 0.28 | 4.93 % | 0 % |
| Total Manhattan Retail | 1.85 | 0.12 | 1.96 | % | 6.42 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.87 million RSF to 0.88 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.35 million RSF to 0.36 million RSF.
- Midtown South Retail space vacancies stayed at 0.35 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
