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October 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 | 0.29 | 0.04 | 0.34 | 2.7 % | -1.84 % |
| Midtown South Manhattan Retail | 0.36 | 0.01 | 0.37 | 3.1 % | 3.53 % |
| Downtown Manhattan Retail | 0.27 | 0.0 | 0.27 | 7.0 % | -0.58 % |
| Total Manhattan Retail | 0.93 | 0.05 | 0.98 | 3.4 % | -0.61 % |
| 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 | 0.09 | 0.93 | 5.63 % | -1.84 % |
| Midtown South Manhattan Retail | 0.85 | 0.06 | 0.91 | 5.3 % abc | 3.53 % |
| Downtown Manhattan Retail | 0.32 | 0.02 | 0.34 | 8.66 % | 0 % |
| Total Manhattan Retail | 2.0 | 0.17 | 2.17 | % | 0.6 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space stayed at 0.98 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.35 million RSF to 0.34 million RSF
- Midtown South Retail space vacancies increased from 0.36 million RSF to 0.37 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.27 million RSF.
