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August 2014

August 2014 » Market Analysis » New York Retail Report

August 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 0.28 0.02 0.3 2.4 % -0.41 %
Midtown South Manhattan Retail 0.38 0.01 0.39 2.8 % -5.84 %
Downtown Manhattan Retail 0.26 0.0 0.26 5.3 % -0.34 %
Total Manhattan Retail 0.92 0.03 0.95 3.0 % 0.94 %
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 0.89 0.09 0.97 5.73 % -0.41 %
Midtown South Manhattan Retail 0.7 0.05 0.75 4.04 % abc -5.84 %
Downtown Manhattan Retail 0.29 0.0 0.29 5.85 % 0.0 %
Total Manhattan Retail 1.88 0.14 2.02 % -2.43 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.94 million RSF to 0.95 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.3 million RSF.
  • Midtown South Retail space vacancies decreased from 0.43 million RSF to 0.39 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.21 million RSF to 0.26 million RSF.
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