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July 2014 » Market Analysis » New York Retail Report
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| 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
