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December 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 | 0.5 | 0.02 | 0.52 | 3.3 % | -0.75 % |
| Midtown South Manhattan Retail | 0.52 | 0.03 | 0.55 | 4.3 % | -4.3 % |
| Downtown Manhattan Retail | 0.19 | 0.01 | 0.21 | 8.3 % | -6.51 % |
| Total Manhattan Retail | 1.21 | 0.06 | 1.28 | 4.3 % | -3.45 % |
| 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 | 0.98 | 0.09 | 1.06 | 6.22 % | -0.75 % |
| Midtown South Manhattan Retail | 1.18 | 0.1 | 1.28 | 7.2 % abc | -4.3 % |
| Downtown Manhattan Retail | 0.37 | 0.02 | 0.38 | 7.84 % | 0 % |
| Total Manhattan Retail | 2.52 | 0.21 | 2.73 | % | -3.23 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.32 million RSF to 1.28 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
- Midtown South Retail space vacancies decreased from 0.57 million RSF to 0.55 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.23 million RSF to 0.21 million RSF
