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December 2014

December 2014 » Market Analysis » New York Retail Report

December 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 0.35 0.02 0.37 3.4 % 1.05 %
Midtown South Manhattan Retail 0.35 0.01 0.36 3.1 % -19.8 %
Downtown Manhattan Retail 0.26 0.0 0.26 7.1 % 0.0 %
Total Manhattan Retail 0.96 0.03 0.99 3.6 % -4.05 %
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 0.05 0.95 5.63 % 1.05 %
Midtown South Manhattan Retail 0.63 0.07 0.7 4.15 % abc -19.8 %
Downtown Manhattan Retail 0.3 0.01 0.3 7.88 % 0.0 %
Total Manhattan Retail 1.82 0.13 1.95 % -6.57 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.03 million RSF to 0.99 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.37 million RSF.
  • Midtown South Retail space vacancies decreased from 0.4 million RSF to 0.36 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.
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