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April 2015

April 2015 » Market Analysis » New York Retail Report

April 2015 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 0.36 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.
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