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November 2014 » Market Analysis » New York Retail Report
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| 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.
