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December 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 | 0.41 | 0.02 | 0.44 | 4.0 % | 2.06 % |
| Midtown South Manhattan Retail | 0.41 | 0.03 | 0.43 | 2.9 % | 4.56 % |
| Downtown Manhattan Retail | 0.15 | 0.0 | 0.15 | 4.7 % | -24.06 % |
| Total Manhattan Retail | 0.97 | 0.05 | 1.02 | 3.6 % | 4.0 % |
| 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 | 0.82 | 0.06 | 0.87 | 5.22 % | 2.06 % |
| Midtown South Manhattan Retail | 0.9 | 0.07 | 0.96 | 5.59 % abc | 4.56 % |
| Downtown Manhattan Retail | 0.21 | 0.0 | 0.21 | 4.62 % | 0 % |
| Total Manhattan Retail | 1.93 | 0.12 | 2.05 | % | 0.54 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.98 million RSF to 1.02 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.43 million RSF to 0.44 million RSF.
- Midtown South Retail space vacancies increased from 0.39 million RSF to 0.43 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.17 million RSF to 0.15 million RSF
