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October 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 % | 7.32 % |
| Midtown South Manhattan Retail | 0.29 | 0.01 | 0.3 | 1.8 % | -1.8 % |
| Downtown Manhattan Retail | 0.26 | 0.01 | 0.26 | 3.1 % | -0.76 % |
| Total Manhattan Retail | 0.88 | 0.03 | 0.92 | 2.4 % | 12.01 % |
| 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 | 0.8 | 0.08 | 0.87 | 5.39 % | 7.32 % |
| Midtown South Manhattan Retail | 0.62 | 0.04 | 0.67 | 3.29 % abc | -1.8 % |
| Downtown Manhattan Retail | 0.26 | 0.01 | 0.26 | 4.63 % | 0 % |
| Total Manhattan Retail | 1.68 | 0.13 | 1.8 | % | 2.77 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.92 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.34 million RSF to 0.35 million RSF.
- Midtown South Retail space vacancies stayed at 0.3 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.17 million RSF to 0.26 million RSF.
