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June 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 | 0.43 | 0.01 | 0.45 | 3.5 % | 3.91 % |
| Midtown South Manhattan Retail | 0.49 | 0.03 | 0.52 | 4.1 % | 5.38 % |
| Downtown Manhattan Retail | 0.15 | 0.01 | 0.16 | 5.8 % | 3.31 % |
| Total Manhattan Retail | 1.07 | 0.05 | 1.13 | 4.0 % | 0.27 % |
| 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 | 1.07 | 0.05 | 1.13 | 6.58 % | 3.91 % |
| Midtown South Manhattan Retail | 1.17 | 0.1 | 1.26 | 7.15 % abc | 5.38 % |
| Downtown Manhattan Retail | 0.25 | 0.02 | 0.27 | 5.99 % | 0 % |
| Total Manhattan Retail | 2.49 | 0.17 | 2.66 | % | 4.55 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.12 million RSF to 1.13 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
- Midtown South Retail space vacancies stayed at 0.52 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.16 million RSF.
