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March 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 | 0.23 | 0.02 | 0.25 | 2.3 % | 0.0 % |
| Midtown South Manhattan Retail | 0.36 | 0.01 | 0.37 | 2.4 % | -3.4 % |
| Downtown Manhattan Retail | 0.16 | 0.0 | 0.16 | 3.1 % | -3.37 % |
| Total Manhattan Retail | 0.75 | 0.03 | 0.78 | 2.5 % | -3.48 % |
| 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 | 0.7 | 0.07 | 0.77 | 4.66 % | 0.0 % |
| Midtown South Manhattan Retail | 0.75 | 0.04 | 0.79 | 3.99 % abc | -3.4 % |
| Downtown Manhattan Retail | 0.26 | 0.0 | 0.27 | 4.69 % | 0 % |
| Total Manhattan Retail | 1.71 | 0.12 | 1.83 | % | -1.96 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.8 million RSF to 0.78 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.26 million RSF to 0.25 million RSF
- Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.37 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
