January 2016 » Market Analysis » New York Retail Report

January 2016 NYC Retail Space Graphs and Statistics

NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.32 0.03 0.35 2.9 % 0.64 %
Midtown South Manhattan Retail 0.4 0.01 0.41 2.6 % 2.2 %
Downtown Manhattan Retail 0.27 0.0 0.27 7.0 % 0.28 %
Total Manhattan Retail 0.99 0.04 1.03 3.2 % 4.09 %
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 0.85 0.09 0.94 5.73 % 0.64 %
Midtown South Manhattan Retail 0.96 0.04 1.0 5.81 % abc 2.2 %
Downtown Manhattan Retail 0.33 0.03 0.36 9.03 % 0 %
Total Manhattan Retail 2.14 0.16 2.3 % 1.26 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space increased from 0.99 million RSF to 1.03 million RSF.
  • Midtown Manhattan Retail vacancy stayed at 0.35 million RSF.
  • Midtown South Retail space vacancies increased from 0.36 million RSF to 0.41 million RSF.
  • In Downtown Manhattan, Retail vacancy decreased from 0.28 million RSF to 0.27 million RSF
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