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September 2013

September 2013 » Market Analysis » New York Retail Report

September 2013 Manhattan Retail Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.32 0.02 0.34 2.8 % 2.1 %
Midtown South Manhattan Retail 0.29 0.01 0.3 1.9 % 0.0 %
Downtown Manhattan Retail 0.17 0.0 0.17 3.2 % -1.13 %
Total Manhattan Retail 0.78 0.03 0.81 2.4 % -24.57 %
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 0.72 0.09 0.81 5.03 % 2.1 %
Midtown South Manhattan Retail 0.64 0.04 0.68 3.35 % abc 0.0 %
Downtown Manhattan Retail 0.26 0.01 0.27 4.57 % 0.0 %
Total Manhattan Retail 1.62 0.13 1.75 % 0.8 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.81 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.43 million RSF to 0.34 million RSF
  • Midtown South Retail space vacancies stayed at 0.3 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.17 million RSF
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