New York City office
and retail Market Research
and retail Market Research
February 2019 » Market Analysis » New York Retail Report
Market Analysis
- Market Report
- NY New Developments
- NYC Buildings For Sale
- New York Market Data
- New York Office Leases
- New York Retail Leases
- January 2019 New York Retail Leases
- December 2018 New York Retail Leases
- November 2018 New York Retail Leases
- More Reports...
- Market Research Archive
NYC Real Estate Statistics
Subscribe to Newsletter
| NEW YORK RETAIL VACANT SPACE (In Millions of Rentable Square Feet) |
|||||
| Direct | Sublease | Total | % Vacant | % Monthly Change | |
|---|---|---|---|---|---|
| Midtown Manhattan Retail | 0.56 | 0.02 | 0.58 | 4.1 % | -1.57 % |
| Midtown South Manhattan Retail | 0.62 | 0.08 | 0.7 | 5.1 % | -1.94 % |
| Downtown Manhattan Retail | 0.26 | 0.0 | 0.26 | 7.5 % | -19.2 % |
| Total Manhattan Retail | 1.43 | 0.11 | 1.54 | 5.0 % | -1.81 % |
| 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 | 0.91 | 0.06 | 0.97 | 5.68 % | -1.57 % |
| Midtown South Manhattan Retail | 1.37 | 0.14 | 1.51 | 8.15 % abc | -1.94 % |
| Downtown Manhattan Retail | 0.38 | 0.02 | 0.4 | 7.91 % | 0 % |
| Total Manhattan Retail | 2.66 | 0.23 | 2.88 | % | -4.2 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.57 million RSF to 1.54 million RSF
- Midtown Manhattan Retail vacancy increased from 0.52 million RSF to 0.58 million RSF.
- Midtown South Retail space vacancies decreased from 0.73 million RSF to 0.7 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.32 million RSF to 0.26 million RSF
