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November 2015

November 2015 » Market Analysis » New York Retail Report

November 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 0.3 0.03 0.33 2.9 % -2.43 %
Midtown South Manhattan Retail 0.35 0.01 0.36 2.4 % 8.48 %
Downtown Manhattan Retail 0.28 0.0 0.28 7.1 % 4.47 %
Total Manhattan Retail 0.93 0.04 0.97 3.1 % -1.03 %
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 0.83 0.08 0.9 5.51 % -2.43 %
Midtown South Manhattan Retail 0.93 0.06 0.99 5.76 % abc 8.48 %
Downtown Manhattan Retail 0.33 0.03 0.36 9.01 % 0.0 %
Total Manhattan Retail 2.09 0.17 2.25 % 3.46 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.98 million RSF to 0.97 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.34 million RSF to 0.33 million RSF
  • Midtown South Retail space vacancies decreased from 0.37 million RSF to 0.36 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.27 million RSF to 0.28 million RSF.
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