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February 2015

February 2015 » Market Analysis » New York Retail Report

February 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 0.02 0.37 3.5 % 1.04 %
Midtown South Manhattan Retail 0.33 0.01 0.33 3.0 % -2.51 %
Downtown Manhattan Retail 0.26 0.0 0.26 7.0 % -1.69 %
Total Manhattan Retail 0.94 0.03 0.97 3.6 % -4.14 %
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 0.06 0.96 5.68 % 1.04 %
Midtown South Manhattan Retail 0.61 0.06 0.68 4.02 % abc -2.51 %
Downtown Manhattan Retail 0.29 0.01 0.3 7.86 % 0.0 %
Total Manhattan Retail 1.81 0.13 1.94 % -0.62 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.01 million RSF to 0.97 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.38 million RSF to 0.37 million RSF
  • Midtown South Retail space vacancies decreased from 0.37 million RSF to 0.33 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.
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