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June 2015 » 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 | 0.35 | 0.03 | 0.38 | 3.1 % | -0.6 % |
| Midtown South Manhattan Retail | 0.35 | 0.02 | 0.37 | 3.1 % | 3.31 % |
| Downtown Manhattan Retail | 0.28 | 0.0 | 0.28 | 7.3 % | 3.41 % |
| Total Manhattan Retail | 0.98 | 0.05 | 1.03 | 3.5 % | -6.49 % |
| 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 | 0.93 | 0.08 | 1.0 | 5.97 % | -0.6 % |
| Midtown South Manhattan Retail | 0.81 | 0.07 | 0.88 | 5.11 % abc | 3.31 % |
| Downtown Manhattan Retail | 0.31 | 0.01 | 0.32 | 8.29 % | 0.0 % |
| Total Manhattan Retail | 2.05 | 0.16 | 2.2 | % | 1.54 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.1 million RSF to 1.03 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.38 million RSF.
- Midtown South Retail space vacancies decreased from 0.42 million RSF to 0.37 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.3 million RSF to 0.28 million RSF
