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October 2013

October 2013 » Market Analysis » New York Retail Report

October 2013 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 0.33 0.02 0.35 2.9 % 7.32 %
Midtown South Manhattan Retail 0.29 0.01 0.3 1.8 % -1.8 %
Downtown Manhattan Retail 0.26 0.01 0.26 3.1 % -0.76 %
Total Manhattan Retail 0.88 0.03 0.92 2.4 % 12.01 %
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 0.87 5.39 % 7.32 %
Midtown South Manhattan Retail 0.62 0.04 0.67 3.29 % abc -1.8 %
Downtown Manhattan Retail 0.26 0.01 0.26 4.63 % 0.0 %
Total Manhattan Retail 1.68 0.13 1.8 % 2.77 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.81 million RSF to 0.92 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.34 million RSF to 0.35 million RSF.
  • Midtown South Retail space vacancies stayed at 0.3 million RSF.
  • In Downtown Manhattan, Retail vacancy increased from 0.17 million RSF to 0.26 million RSF.
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