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April 2019 » 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 | 0.45 | 0.0 | 0.45 | 3.2 % | -6.3 % |
| Midtown South Manhattan Retail | 0.71 | 0.07 | 0.77 | 5.5 % | 0.71 % |
| Downtown Manhattan Retail | 0.3 | 0.0 | 0.3 | 9.0 % | -2.75 % |
| Total Manhattan Retail | 1.45 | 0.07 | 1.52 | 4.9 % | 2.81 % |
| 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 | 0.79 | 0.05 | 0.84 | 4.61 % | -6.3 % |
| Midtown South Manhattan Retail | 1.46 | 0.12 | 1.59 | 8.44 % abc | 0.71 % |
| Downtown Manhattan Retail | 0.42 | 0.0 | 0.43 | 8.37 % | 0 % |
| Total Manhattan Retail | 2.67 | 0.18 | 2.85 | % | -1.87 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.48 million RSF to 1.52 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.48 million RSF to 0.45 million RSF
- Midtown South Retail space vacancies increased from 0.7 million RSF to 0.77 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.3 million RSF.
