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January 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 | 0.39 | 0.02 | 0.42 | 3.8 % | -2.83 % |
| Midtown South Manhattan Retail | 0.46 | 0.02 | 0.48 | 3.2 % | 2.92 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.15 | 4.5 % | 3.2 % |
| Total Manhattan Retail | 1.0 | 0.05 | 1.05 | 3.6 % | 2.48 % |
| 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 | 0.78 | 0.07 | 0.85 | 5.07 % | -2.83 % |
| Midtown South Manhattan Retail | 0.93 | 0.07 | 0.99 | 5.75 % abc | 2.92 % |
| Downtown Manhattan Retail | 0.21 | 0.01 | 0.22 | 4.77 % | 0 % |
| Total Manhattan Retail | 1.92 | 0.14 | 2.06 | % | 0.58 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.02 million RSF to 1.05 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.44 million RSF to 0.42 million RSF
- Midtown South Retail space vacancies increased from 0.43 million RSF to 0.48 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.15 million RSF.
