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April 2014

April 2014 » Market Analysis » New York Retail Report

April 2014 NYC Retail Space Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.23 0.02 0.25 2.1 % 10.73 %
Midtown South Manhattan Retail 0.36 0.01 0.38 2.7 % 5.6 %
Downtown Manhattan Retail 0.16 0.0 0.16 3.2 % -17.62 %
Total Manhattan Retail 0.75 0.04 0.79 2.5 % 1.52 %
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 0.79 0.08 0.87 5.23 % 10.73 %
Midtown South Manhattan Retail 0.77 0.07 0.84 4.32 % abc 5.6 %
Downtown Manhattan Retail 0.22 0.01 0.23 4.26 % 0.0 %
Total Manhattan Retail 1.78 0.15 1.93 % 5.17 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.78 million RSF to 0.79 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
  • Midtown South Retail space vacancies increased from 0.37 million RSF to 0.38 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
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