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August 2015

August 2015 » Market Analysis » New York Retail Report

August 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 0.31 0.04 0.35 2.7 % -4.82 %
Midtown South Manhattan Retail 0.34 0.01 0.36 3.1 % 4.62 %
Downtown Manhattan Retail 0.27 0.0 0.27 7.2 % -3.45 %
Total Manhattan Retail 0.92 0.06 0.98 3.3 % -3.18 %
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 0.9 0.09 0.99 5.78 % -4.82 %
Midtown South Manhattan Retail 0.78 0.07 0.84 4.98 % abc 4.62 %
Downtown Manhattan Retail 0.3 0.02 0.32 8.22 % 0.0 %
Total Manhattan Retail 1.98 0.18 2.16 % -0.93 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.98 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.38 million RSF to 0.35 million RSF
  • Midtown South Retail space vacancies increased from 0.35 million RSF to 0.36 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.28 million RSF to 0.27 million RSF
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