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November 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 | 0.33 | 0.02 | 0.35 | 2.9 % | 2.35 % |
| Midtown South Manhattan Retail | 0.31 | 0.01 | 0.32 | 1.8 % | 1.63 % |
| Downtown Manhattan Retail | 0.16 | 0.0 | 0.16 | 3.0 % | -8.23 % |
| Total Manhattan Retail | 0.8 | 0.04 | 0.84 | 2.4 % | -9.39 % |
| 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 | 0.82 | 0.08 | 0.89 | 5.62 % | 2.35 % |
| Midtown South Manhattan Retail | 0.64 | 0.04 | 0.68 | 3.37 % abc | 1.63 % |
| Downtown Manhattan Retail | 0.24 | 0.0 | 0.24 | 4.28 % | 0 % |
| Total Manhattan Retail | 1.69 | 0.12 | 1.81 | % | 0.66 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.92 million RSF to 0.84 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
- Midtown South Retail space vacancies increased from 0.3 million RSF to 0.32 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.26 million RSF to 0.16 million RSF
