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August 2017 » 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 | 0.03 | 0.48 | 3.4 % | 12.22 % |
| Midtown South Manhattan Retail | 0.46 | 0.02 | 0.48 | 3.9 % | 0.39 % |
| Downtown Manhattan Retail | 0.11 | 0.02 | 0.13 | 5.3 % | -4.78 % |
| Total Manhattan Retail | 1.03 | 0.07 | 1.1 | 3.9 % | 0.46 % |
| 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 | 1.04 | 0.23 | 1.28 | 7.37 % | 12.22 % |
| Midtown South Manhattan Retail | 1.17 | 0.11 | 1.28 | 7.2 % abc | 0.39 % |
| Downtown Manhattan Retail | 0.22 | 0.03 | 0.25 | 5.51 % | 0 % |
| Total Manhattan Retail | 2.43 | 0.37 | 2.81 | % | 5.31 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.09 million RSF to 1.1 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.45 million RSF to 0.48 million RSF.
- Midtown South Retail space vacancies decreased from 0.5 million RSF to 0.48 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.14 million RSF to 0.13 million RSF
