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April 2016 » 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 | 0.3 | 0.02 | 0.32 | 3.0 % | 0.62 % |
| Midtown South Manhattan Retail | 0.37 | 0.01 | 0.38 | 2.5 % | -0.51 % |
| Downtown Manhattan Retail | 0.25 | 0.01 | 0.25 | 6.6 % | 6.36 % |
| Total Manhattan Retail | 0.91 | 0.04 | 0.95 | 3.1 % | -3.87 % |
| 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 | 0.91 | 0.06 | 0.97 | 5.78 % | 0.62 % |
| Midtown South Manhattan Retail | 0.91 | 0.06 | 0.97 | 5.66 % abc | -0.51 % |
| Downtown Manhattan Retail | 0.33 | 0.02 | 0.35 | 8.86 % | 0 % |
| Total Manhattan Retail | 2.16 | 0.13 | 2.29 | % | 1.01 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.99 million RSF to 0.95 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.34 million RSF to 0.32 million RSF
- Midtown South Retail space vacancies decreased from 0.41 million RSF to 0.38 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.23 million RSF to 0.25 million RSF.
