market research

June 2015

June 2015 » Market Analysis » New York Retail Report

June 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 0.35 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
  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building