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January 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 | 0.36 | 0.02 | 0.38 | 3.5 % | 0.52 % |
| Midtown South Manhattan Retail | 0.36 | 0.01 | 0.37 | 3.0 % | -0.43 % |
| Downtown Manhattan Retail | 0.26 | 0.0 | 0.26 | 6.9 % | 0.0 % |
| Total Manhattan Retail | 0.98 | 0.03 | 1.01 | 3.6 % | 1.79 % |
| 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 | 0.06 | 0.95 | 5.65 % | 0.52 % |
| Midtown South Manhattan Retail | 0.62 | 0.07 | 0.69 | 4.16 % abc | -0.43 % |
| Downtown Manhattan Retail | 0.3 | 0.01 | 0.3 | 7.91 % | 0 % |
| Total Manhattan Retail | 1.82 | 0.13 | 1.95 | % | 0.1 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.01 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.37 million RSF to 0.38 million RSF.
- Midtown South Retail space vacancies increased from 0.36 million RSF to 0.37 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.
