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July 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 | 0.44 | 0.01 | 0.45 | 3.4 % | -0.45 % |
| Midtown South Manhattan Retail | 0.47 | 0.03 | 0.5 | 4.0 % | 0.63 % |
| Downtown Manhattan Retail | 0.12 | 0.02 | 0.14 | 5.4 % | -3.42 % |
| Total Manhattan Retail | 1.04 | 0.05 | 1.09 | 3.9 % | -3.3 % |
| 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 | 1.09 | 0.03 | 1.12 | 6.53 % | -0.45 % |
| Midtown South Manhattan Retail | 1.17 | 0.1 | 1.27 | 7.18 % abc | 0.63 % |
| Downtown Manhattan Retail | 0.23 | 0.03 | 0.26 | 5.75 % | 0 % |
| Total Manhattan Retail | 2.49 | 0.17 | 2.66 | % | -0.23 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.13 million RSF to 1.09 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
- Midtown South Retail space vacancies decreased from 0.52 million RSF to 0.5 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.16 million RSF to 0.14 million RSF
