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July 2016 » 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 | 0.45 | 0.0 | 0.46 | 4.4 % | -16.53 % |
| Midtown South Manhattan Retail | 0.38 | 0.01 | 0.38 | 2.4 % | 1.33 % |
| Downtown Manhattan Retail | 0.29 | 0.0 | 0.29 | 7.1 % | -1.37 % |
| Total Manhattan Retail | 1.11 | 0.01 | 1.13 | 3.8 % | 5.15 % |
| 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 | 0.89 | 0.05 | 0.94 | 5.6 % | -16.53 % |
| Midtown South Manhattan Retail | 0.85 | 0.06 | 0.9 | 5.28 % abc | 1.33 % |
| Downtown Manhattan Retail | 0.36 | 0.0 | 0.36 | 8.45 % | 0 % |
| Total Manhattan Retail | 2.09 | 0.11 | 2.2 | % | -6.76 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.07 million RSF to 1.13 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.41 million RSF to 0.46 million RSF.
- Midtown South Retail space vacancies increased from 0.36 million RSF to 0.38 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.29 million RSF.
