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December 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 | 0.51 | 0.02 | 0.53 | 3.7 % | 3.31 % |
| Midtown South Manhattan Retail | 0.6 | 0.07 | 0.67 | 4.8 % | 0.33 % |
| Downtown Manhattan Retail | 0.33 | 0.0 | 0.33 | 7.8 % | -7.28 % |
| Total Manhattan Retail | 1.44 | 0.09 | 1.53 | 4.7 % | -0.27 % |
| 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 | 0.99 | 0.09 | 1.08 | 6.26 % | 3.31 % |
| Midtown South Manhattan Retail | 1.36 | 0.13 | 1.49 | 8.05 % abc | 0.33 % |
| Downtown Manhattan Retail | 0.4 | 0.02 | 0.43 | 9.0 % | 0 % |
| Total Manhattan Retail | 2.76 | 0.24 | 3.0 | % | 0.33 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space stayed at 1.53 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.53 million RSF.
- Midtown South Retail space vacancies increased from 0.65 million RSF to 0.67 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.35 million RSF to 0.33 million RSF
