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July 2014

July 2014 » Market Analysis » New York Retail Report

July 2014 Manhattan Retail 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 % 4.2 %
Midtown South Manhattan Retail 0.42 0.01 0.43 3.0 % -10.66 %
Downtown Manhattan Retail 0.21 0.0 0.21 4.4 % -4.1 %
Total Manhattan Retail 0.91 0.03 0.94 2.9 % -5.87 %
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 0.98 5.76 % 4.2 %
Midtown South Manhattan Retail 0.74 0.06 0.8 4.26 % abc -10.66 %
Downtown Manhattan Retail 0.29 0.01 0.29 5.81 % 0.0 %
Total Manhattan Retail 1.91 0.15 2.07 % -2.71 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.94 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.31 million RSF to 0.3 million RSF
  • Midtown South Retail space vacancies decreased from 0.47 million RSF to 0.43 million RSF
  • In Downtown Manhattan, Retail vacancy decreased from 0.22 million RSF to 0.21 million RSF
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