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May 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 | 0.35 | 0.03 | 0.38 | 3.0 % | -0.1 % |
| Midtown South Manhattan Retail | 0.4 | 0.02 | 0.42 | 3.3 % | 0.83 % |
| Downtown Manhattan Retail | 0.3 | 0.0 | 0.3 | 7.2 % | 1.92 % |
| Total Manhattan Retail | 1.05 | 0.05 | 1.1 | 3.5 % | 4.19 % |
| 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 | 0.93 | 0.08 | 1.01 | 6.01 % | -0.1 % |
| Midtown South Manhattan Retail | 0.78 | 0.07 | 0.85 | 4.97 % abc | 0.83 % |
| Downtown Manhattan Retail | 0.3 | 0.01 | 0.31 | 8.21 % | 0 % |
| Total Manhattan Retail | 2.01 | 0.16 | 2.17 | % | 0.55 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.1 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.39 million RSF to 0.38 million RSF
- Midtown South Retail space vacancies increased from 0.4 million RSF to 0.42 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.27 million RSF to 0.3 million RSF.
