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July 2013 » 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 | 2.9 % | -3.38 % |
| Midtown South Manhattan Retail | 0.29 | 0.01 | 0.29 | 1.8 % | -2.11 % |
| Downtown Manhattan Retail | 0.16 | 0.01 | 0.17 | 3.0 % | 3.77 % |
| Total Manhattan Retail | 0.78 | 0.03 | 0.82 | 2.4 % | -4.42 % |
| 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 | 0.69 | 0.11 | 0.8 | 5.01 % | -3.38 % |
| Midtown South Manhattan Retail | 0.64 | 0.03 | 0.67 | 3.3 % abc | -2.11 % |
| Downtown Manhattan Retail | 0.26 | 0.01 | 0.27 | 4.69 % | 0 % |
| Total Manhattan Retail | 1.58 | 0.15 | 1.73 | % | -1.79 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.85 million RSF to 0.82 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.38 million RSF to 0.36 million RSF
- Midtown South Retail space vacancies decreased from 0.31 million RSF to 0.29 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.17 million RSF.
