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January 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 | 0.49 | 0.02 | 0.52 | 3.5 % | -4.69 % |
| Midtown South Manhattan Retail | 0.55 | 0.03 | 0.59 | 4.5 % | -1.71 % |
| Downtown Manhattan Retail | 0.21 | 0.01 | 0.23 | 8.8 % | 5.64 % |
| Total Manhattan Retail | 1.26 | 0.07 | 1.33 | 4.6 % | 4.2 % |
| 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 | 0.93 | 0.08 | 1.02 | 5.93 % | -4.69 % |
| Midtown South Manhattan Retail | 1.15 | 0.1 | 1.26 | 7.04 % abc | -1.71 % |
| Downtown Manhattan Retail | 0.38 | 0.03 | 0.41 | 8.45 % | 0 % |
| Total Manhattan Retail | 2.47 | 0.22 | 2.68 | % | -1.72 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.28 million RSF to 1.33 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
- Midtown South Retail space vacancies increased from 0.55 million RSF to 0.59 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.21 million RSF to 0.23 million RSF.
