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June 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 | 0.44 | 0.03 | 0.48 | 3.2 % | 0.7 % |
| Midtown South Manhattan Retail | 0.51 | 0.04 | 0.55 | 4.0 % | 0.93 % |
| Downtown Manhattan Retail | 0.25 | 0.01 | 0.26 | 9.3 % | -4.69 % |
| Total Manhattan Retail | 1.2 | 0.09 | 1.29 | 4.3 % | -2.42 % |
| 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 | 0.95 | 0.1 | 1.05 | 6.06 % | 0.7 % |
| Midtown South Manhattan Retail | 1.26 | 0.12 | 1.38 | 7.64 % abc | 0.93 % |
| Downtown Manhattan Retail | 0.41 | 0.03 | 0.44 | 9.09 % | 0 % |
| Total Manhattan Retail | 2.63 | 0.25 | 2.87 | % | -0.01 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.32 million RSF to 1.29 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.5 million RSF to 0.48 million RSF
- Midtown South Retail space vacancies decreased from 0.56 million RSF to 0.55 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.27 million RSF to 0.26 million RSF
