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November 2014

November 2014 » Market Analysis » New York Retail Report

November 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 0.35 0.02 0.37 3.4 % -4.69 %
Midtown South Manhattan Retail 0.38 0.02 0.4 3.3 % 5.75 %
Downtown Manhattan Retail 0.26 0.0 0.26 6.7 % 2.33 %
Total Manhattan Retail 0.99 0.04 1.03 3.7 % 0.0 %
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 0.05 0.94 5.57 % -4.69 %
Midtown South Manhattan Retail 0.75 0.09 0.83 4.9 % abc 5.75 %
Downtown Manhattan Retail 0.3 0.01 0.3 7.34 % 0.0 %
Total Manhattan Retail 1.93 0.15 2.08 % 0.53 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space stayed at 1.03 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.37 million RSF.
  • Midtown South Retail space vacancies decreased from 0.41 million RSF to 0.4 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.25 million RSF to 0.26 million RSF.
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