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April 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 | 0.36 | 0.03 | 0.39 | 2.9 % | 5.74 % |
| Midtown South Manhattan Retail | 0.39 | 0.01 | 0.4 | 3.3 % | 17.52 % |
| Downtown Manhattan Retail | 0.27 | 0.0 | 0.27 | 7.3 % | 2.61 % |
| Total Manhattan Retail | 1.01 | 0.04 | 1.05 | 3.5 % | 4.46 % |
| 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 | 0.94 | 0.08 | 1.01 | 5.99 % | 5.74 % |
| Midtown South Manhattan Retail | 0.79 | 0.05 | 0.84 | 4.96 % abc | 17.52 % |
| Downtown Manhattan Retail | 0.3 | 0.01 | 0.31 | 8.16 % | 0.0 % |
| Total Manhattan Retail | 2.02 | 0.14 | 2.16 | % | 9.88 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.01 million RSF to 1.05 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.38 million RSF to 0.39 million RSF.
- Midtown South Retail space vacancies increased from 0.37 million RSF to 0.4 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.26 million RSF to 0.27 million RSF.
