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July 2015

July 2015 » Market Analysis » New York Retail Report

July 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 0.34 0.04 0.38 2.8 % 3.74 %
Midtown South Manhattan Retail 0.34 0.01 0.35 3.0 % -8.7 %
Downtown Manhattan Retail 0.28 0.0 0.28 7.3 % 2.12 %
Total Manhattan Retail 0.95 0.05 1.01 3.4 % -2.48 %
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 0.95 0.1 1.04 6.21 % 3.74 %
Midtown South Manhattan Retail 0.74 0.06 0.8 4.75 % abc -8.7 %
Downtown Manhattan Retail 0.31 0.02 0.33 8.45 % 0.0 %
Total Manhattan Retail 2.0 0.18 2.18 % -1.1 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.03 million RSF to 1.01 million RSF
  • Midtown Manhattan Retail vacancy stayed at 0.38 million RSF.
  • Midtown South Retail space vacancies decreased from 0.37 million RSF to 0.35 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.28 million RSF.
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