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June 2019 » 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 | 0.48 | 0.0 | 0.48 | 3.2 % | 3.73 % |
| Midtown South Manhattan Retail | 0.64 | 0.07 | 0.71 | 4.6 % | -5.52 % |
| Downtown Manhattan Retail | 0.27 | 0.0 | 0.27 | 8.6 % | -5.49 % |
| Total Manhattan Retail | 1.39 | 0.07 | 1.46 | 4.5 % | -1.57 % |
| 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 | 0.87 | 0.05 | 0.92 | 5.08 % | 3.73 % |
| Midtown South Manhattan Retail | 1.31 | 0.12 | 1.43 | 7.72 % abc | -5.52 % |
| Downtown Manhattan Retail | 0.38 | 0.0 | 0.39 | 7.65 % | 0 % |
| Total Manhattan Retail | 2.57 | 0.17 | 2.74 | % | -2.39 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.48 million RSF to 1.46 million RSF
- Midtown Manhattan Retail vacancy increased from 0.45 million RSF to 0.48 million RSF.
- Midtown South Retail space vacancies decreased from 0.74 million RSF to 0.71 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.29 million RSF to 0.27 million RSF
