market research

May 2015

May 2015 » Market Analysis » New York Retail Report

May 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 3.0 % -0.1 %
Midtown South Manhattan Retail 0.4 0.02 0.42 3.3 % 0.83 %
Downtown Manhattan Retail 0.3 0.0 0.3 7.2 % 1.92 %
Total Manhattan Retail 1.05 0.05 1.1 3.5 % 4.19 %
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 1.01 6.01 % -0.1 %
Midtown South Manhattan Retail 0.78 0.07 0.85 4.97 % abc 0.83 %
Downtown Manhattan Retail 0.3 0.01 0.31 8.21 % 0.0 %
Total Manhattan Retail 2.01 0.16 2.17 % 0.55 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 1.05 million RSF to 1.1 million RSF.
  • Midtown Manhattan Retail vacancy decreased from 0.39 million RSF to 0.38 million RSF
  • Midtown South Retail space vacancies increased from 0.4 million RSF to 0.42 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.27 million RSF to 0.3 million RSF.
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