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July 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 | 0.45 | 0.02 | 0.47 | 3.2 % | 1.76 % |
| Midtown South Manhattan Retail | 0.5 | 0.06 | 0.56 | 4.1 % | 1.0 % |
| Downtown Manhattan Retail | 0.35 | 0.01 | 0.36 | 9.0 % | -5.66 % |
| Total Manhattan Retail | 1.3 | 0.1 | 1.4 | 4.3 % | 7.79 % |
| 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 | 0.99 | 0.08 | 1.07 | 6.16 % | 1.76 % |
| Midtown South Manhattan Retail | 1.25 | 0.14 | 1.4 | 7.67 % abc | 1.0 % |
| Downtown Manhattan Retail | 0.4 | 0.02 | 0.41 | 8.83 % | 0 % |
| Total Manhattan Retail | 2.64 | 0.24 | 2.88 | % | 0.33 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.29 million RSF to 1.4 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.48 million RSF to 0.47 million RSF
- Midtown South Retail space vacancies increased from 0.55 million RSF to 0.56 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.26 million RSF to 0.36 million RSF.
