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November 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 | 0.3 | 0.03 | 0.33 | 2.9 % | -2.43 % |
| Midtown South Manhattan Retail | 0.35 | 0.01 | 0.36 | 2.4 % | 8.48 % |
| Downtown Manhattan Retail | 0.28 | 0.0 | 0.28 | 7.1 % | 4.47 % |
| Total Manhattan Retail | 0.93 | 0.04 | 0.97 | 3.1 % | -1.03 % |
| 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 | 0.83 | 0.08 | 0.9 | 5.51 % | -2.43 % |
| Midtown South Manhattan Retail | 0.93 | 0.06 | 0.99 | 5.76 % abc | 8.48 % |
| Downtown Manhattan Retail | 0.33 | 0.03 | 0.36 | 9.01 % | 0 % |
| Total Manhattan Retail | 2.09 | 0.17 | 2.25 | % | 3.46 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.98 million RSF to 0.97 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.34 million RSF to 0.33 million RSF
- Midtown South Retail space vacancies decreased from 0.37 million RSF to 0.36 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.27 million RSF to 0.28 million RSF.
