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February 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 | 0.56 | 0.02 | 0.59 | 3.9 % | -9.15 % |
| Midtown South Manhattan Retail | 0.54 | 0.04 | 0.58 | 4.3 % | 2.71 % |
| Downtown Manhattan Retail | 0.24 | 0.01 | 0.25 | 9.2 % | 4.5 % |
| Total Manhattan Retail | 1.35 | 0.07 | 1.42 | 4.7 % | 6.2 % |
| 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 | 0.84 | 0.09 | 0.93 | 5.49 % | -9.15 % |
| Midtown South Manhattan Retail | 1.19 | 0.11 | 1.29 | 7.26 % abc | 2.71 % |
| Downtown Manhattan Retail | 0.4 | 0.03 | 0.43 | 8.86 % | 0 % |
| Total Manhattan Retail | 2.43 | 0.22 | 2.65 | % | -1.17 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.33 million RSF to 1.42 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.52 million RSF to 0.59 million RSF.
- Midtown South Retail space vacancies decreased from 0.59 million RSF to 0.58 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.23 million RSF to 0.25 million RSF.
