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September 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 | 0.32 | 0.02 | 0.34 | 2.8 % | 2.1 % |
| Midtown South Manhattan Retail | 0.29 | 0.01 | 0.3 | 1.9 % | 0.0 % |
| Downtown Manhattan Retail | 0.17 | 0.0 | 0.17 | 3.2 % | -1.13 % |
| Total Manhattan Retail | 0.78 | 0.03 | 0.81 | 2.4 % | -24.57 % |
| 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 | 0.72 | 0.09 | 0.81 | 5.03 % | 2.1 % |
| Midtown South Manhattan Retail | 0.64 | 0.04 | 0.68 | 3.35 % abc | 0.0 % |
| Downtown Manhattan Retail | 0.26 | 0.01 | 0.27 | 4.57 % | 0 % |
| Total Manhattan Retail | 1.62 | 0.13 | 1.75 | % | 0.8 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.81 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.43 million RSF to 0.34 million RSF
- Midtown South Retail space vacancies stayed at 0.3 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.17 million RSF
