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March 2014

March 2014 » Market Analysis » New York Retail Report

March 2014 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 0.23 0.02 0.25 2.3 % 0.0 %
Midtown South Manhattan Retail 0.36 0.01 0.37 2.4 % -3.4 %
Downtown Manhattan Retail 0.16 0.0 0.16 3.1 % -3.37 %
Total Manhattan Retail 0.75 0.03 0.78 2.5 % -3.48 %
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 0.7 0.07 0.77 4.66 % 0.0 %
Midtown South Manhattan Retail 0.75 0.04 0.79 3.99 % abc -3.4 %
Downtown Manhattan Retail 0.26 0.0 0.27 4.69 % 0.0 %
Total Manhattan Retail 1.71 0.12 1.83 % -1.96 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.8 million RSF to 0.78 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.26 million RSF to 0.25 million RSF
  • Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.37 million RSF
  • In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
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