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October 2014

October 2014 » Market Analysis » New York Retail Report

October 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 % 1.63 %
Midtown South Manhattan Retail 0.39 0.02 0.41 3.2 % 1.52 %
Downtown Manhattan Retail 0.25 0.0 0.25 6.7 % 3.74 %
Total Manhattan Retail 0.99 0.04 1.03 3.7 % 7.3 %
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 0.9 0.08 0.98 5.83 % 1.63 %
Midtown South Manhattan Retail 0.7 0.09 0.79 4.6 % abc 1.52 %
Downtown Manhattan Retail 0.29 0.01 0.29 7.1 % 0.0 %
Total Manhattan Retail 1.89 0.18 2.06 % 1.89 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.95 million RSF to 1.03 million RSF.
  • Midtown Manhattan Retail vacancy increased from 0.3 million RSF to 0.37 million RSF.
  • Midtown South Retail space vacancies stayed at 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy stayed at 0.25 million RSF.
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