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October 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 | 0.35 | 0.02 | 0.37 | 3.4 % | 1.63 % |
| Midtown South Manhattan Retail | 0.39 | 0.02 | 0.41 | 3.2 % | 1.52 % |
| Downtown Manhattan Retail | 0.25 | 0.0 | 0.25 | 6.7 % | 3.74 % |
| Total Manhattan Retail | 0.99 | 0.04 | 1.03 | 3.7 % | 7.3 % |
| 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 | 0.9 | 0.08 | 0.98 | 5.83 % | 1.63 % |
| Midtown South Manhattan Retail | 0.7 | 0.09 | 0.79 | 4.6 % abc | 1.52 % |
| Downtown Manhattan Retail | 0.29 | 0.01 | 0.29 | 7.1 % | 0 % |
| Total Manhattan Retail | 1.89 | 0.18 | 2.06 | % | 1.89 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.95 million RSF to 1.03 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.3 million RSF to 0.37 million RSF.
- Midtown South Retail space vacancies stayed at 0.41 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.25 million RSF.
