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January 2019 » 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 | 0.5 | 0.02 | 0.52 | 3.7 % | -9.35 % |
| Midtown South Manhattan Retail | 0.64 | 0.09 | 0.73 | 5.0 % | 3.11 % |
| Downtown Manhattan Retail | 0.32 | 0.0 | 0.32 | 7.6 % | 10.52 % |
| Total Manhattan Retail | 1.46 | 0.11 | 1.57 | 4.8 % | 2.4 % |
| 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 | 0.9 | 0.09 | 0.99 | 5.77 % | -9.35 % |
| Midtown South Manhattan Retail | 1.39 | 0.15 | 1.54 | 8.32 % abc | 3.11 % |
| Downtown Manhattan Retail | 0.46 | 0.02 | 0.48 | 9.94 % | 0 % |
| Total Manhattan Retail | 2.74 | 0.26 | 3.0 | % | 0.18 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.53 million RSF to 1.57 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.53 million RSF to 0.52 million RSF
- Midtown South Retail space vacancies increased from 0.67 million RSF to 0.73 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.33 million RSF to 0.32 million RSF
