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August 2013

August 2013 » Market Analysis » New York Retail Report

August 2013 New York 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 0.41 0.02 0.43 2.8 % -0.76 %
Midtown South Manhattan Retail 0.3 0.01 0.3 1.8 % 1.77 %
Downtown Manhattan Retail 0.26 0.01 0.27 3.1 % 1.12 %
Total Manhattan Retail 0.97 0.03 1.0 2.4 % 18.82 %
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 0.7 0.09 0.79 4.96 % -0.76 %
Midtown South Manhattan Retail 0.65 0.02 0.68 3.35 % abc 1.77 %
Downtown Manhattan Retail 0.26 0.01 0.27 4.7 % 0.0 %
Total Manhattan Retail 1.62 0.12 1.74 % 0.52 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.82 million RSF to 1.0 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.36 million RSF to 0.43 million RSF.
  • Midtown South Retail space vacancies increased from 0.29 million RSF to 0.3 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.17 million RSF to 0.27 million RSF.
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