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September 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 | 0.28 | 0.02 | 0.3 | 2.4 % | -0.62 % |
| Midtown South Manhattan Retail | 0.39 | 0.02 | 0.41 | 3.1 % | 2.84 % |
| Downtown Manhattan Retail | 0.25 | 0.0 | 0.25 | 6.4 % | -3.18 % |
| Total Manhattan Retail | 0.92 | 0.04 | 0.95 | 3.2 % | 0.0 % |
| 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 | 0.88 | 0.09 | 0.97 | 5.71 % | -0.62 % |
| Midtown South Manhattan Retail | 0.7 | 0.07 | 0.77 | 4.52 % abc | 2.84 % |
| Downtown Manhattan Retail | 0.28 | 0.0 | 0.28 | 6.85 % | 0 % |
| Total Manhattan Retail | 1.86 | 0.16 | 2.02 | % | 0.35 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space stayed at 0.95 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.3 million RSF.
- Midtown South Retail space vacancies increased from 0.39 million RSF to 0.41 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.26 million RSF to 0.25 million RSF
