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August 2018 » 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 | 0.46 | 0.03 | 0.49 | 3.3 % | -6.08 % |
| Midtown South Manhattan Retail | 0.51 | 0.07 | 0.58 | 4.2 % | -2.8 % |
| Downtown Manhattan Retail | 0.36 | 0.01 | 0.36 | 9.1 % | 1.65 % |
| Total Manhattan Retail | 1.33 | 0.1 | 1.43 | 4.4 % | 2.36 % |
| 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 | 0.93 | 0.08 | 1.01 | 5.88 % | -6.08 % |
| Midtown South Manhattan Retail | 1.21 | 0.15 | 1.36 | 7.43 % abc | -2.8 % |
| Downtown Manhattan Retail | 0.41 | 0.01 | 0.42 | 8.98 % | 0 % |
| Total Manhattan Retail | 2.56 | 0.23 | 2.79 | % | -3.32 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.4 million RSF to 1.43 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.47 million RSF to 0.49 million RSF.
- Midtown South Retail space vacancies increased from 0.56 million RSF to 0.58 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.36 million RSF.
