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May 2014

May 2014 » Market Analysis » New York Retail Report

May 2014 New York City Retail 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 2.7 % 1.25 %
Midtown South Manhattan Retail 0.46 0.01 0.47 2.9 % 8.2 %
Downtown Manhattan Retail 0.18 0.0 0.18 3.5 % 17.75 %
Total Manhattan Retail 0.86 0.04 0.9 2.9 % 12.73 %
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 0.8 0.08 0.88 5.25 % 1.25 %
Midtown South Manhattan Retail 0.83 0.08 0.91 4.69 % abc 8.2 %
Downtown Manhattan Retail 0.27 0.01 0.28 5.26 % 0.0 %
Total Manhattan Retail 1.9 0.17 2.07 % 6.52 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.79 million RSF to 0.9 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.25 million RSF.
  • Midtown South Retail space vacancies increased from 0.38 million RSF to 0.47 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.16 million RSF to 0.18 million RSF.
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