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March 2015

March 2015 » Market Analysis » New York Retail Report

March 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 0.36 0.02 0.38 3.6 % -1.15 %
Midtown South Manhattan Retail 0.36 0.01 0.37 3.1 % 2.17 %
Downtown Manhattan Retail 0.26 0.0 0.26 7.1 % 0.67 %
Total Manhattan Retail 0.98 0.03 1.01 3.7 % 3.98 %
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 0.06 0.95 5.64 % -1.15 %
Midtown South Manhattan Retail 0.64 0.06 0.69 4.15 % abc 2.17 %
Downtown Manhattan Retail 0.29 0.01 0.3 7.92 % 0.0 %
Total Manhattan Retail 1.82 0.12 1.94 % 0.31 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.97 million RSF to 1.01 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.37 million RSF to 0.38 million RSF.
  • Midtown South Retail space vacancies increased from 0.33 million RSF to 0.37 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.26 million RSF.
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