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July 2013

July 2013 » Market Analysis » New York Retail Report

July 2013 New York City 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 0.34 0.02 0.36 2.9 % -3.38 %
Midtown South Manhattan Retail 0.29 0.01 0.29 1.8 % -2.11 %
Downtown Manhattan Retail 0.16 0.01 0.17 3.0 % 3.77 %
Total Manhattan Retail 0.78 0.03 0.82 2.4 % -4.42 %
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 0.69 0.11 0.8 5.01 % -3.38 %
Midtown South Manhattan Retail 0.64 0.03 0.67 3.3 % abc -2.11 %
Downtown Manhattan Retail 0.26 0.01 0.27 4.69 % 0.0 %
Total Manhattan Retail 1.58 0.15 1.73 % -1.79 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.85 million RSF to 0.82 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.38 million RSF to 0.36 million RSF
  • Midtown South Retail space vacancies decreased from 0.31 million RSF to 0.29 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.15 million RSF to 0.17 million RSF.
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