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July 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 | 0.34 | 0.04 | 0.38 | 2.8 % | 3.74 % |
| Midtown South Manhattan Retail | 0.34 | 0.01 | 0.35 | 3.0 % | -8.7 % |
| Downtown Manhattan Retail | 0.28 | 0.0 | 0.28 | 7.3 % | 2.12 % |
| Total Manhattan Retail | 0.95 | 0.05 | 1.01 | 3.4 % | -2.48 % |
| 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 | 0.95 | 0.1 | 1.04 | 6.21 % | 3.74 % |
| Midtown South Manhattan Retail | 0.74 | 0.06 | 0.8 | 4.75 % abc | -8.7 % |
| Downtown Manhattan Retail | 0.31 | 0.02 | 0.33 | 8.45 % | 0 % |
| Total Manhattan Retail | 2.0 | 0.18 | 2.18 | % | -1.1 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.03 million RSF to 1.01 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.38 million RSF.
- Midtown South Retail space vacancies decreased from 0.37 million RSF to 0.35 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.28 million RSF.
