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June 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 | 0.29 | 0.02 | 0.31 | 3.1 % | 6.2 % |
| Midtown South Manhattan Retail | 0.45 | 0.01 | 0.47 | 3.0 % | -3.74 % |
| Downtown Manhattan Retail | 0.22 | 0.0 | 0.22 | 4.5 % | 9.51 % |
| Total Manhattan Retail | 0.96 | 0.04 | 1.0 | 3.2 % | 9.61 % |
| 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 | 0.85 | 0.09 | 0.94 | 5.59 % | 6.2 % |
| Midtown South Manhattan Retail | 0.81 | 0.07 | 0.88 | 4.56 % abc | -3.74 % |
| Downtown Manhattan Retail | 0.3 | 0.01 | 0.3 | 6.05 % | 0 % |
| Total Manhattan Retail | 1.96 | 0.16 | 2.12 | % | 2.54 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.9 million RSF to 1.0 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.25 million RSF to 0.31 million RSF.
- Midtown South Retail space vacancies stayed at 0.47 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.18 million RSF to 0.22 million RSF.
