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March 2016 » 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 | 0.32 | 0.03 | 0.34 | 3.0 % | -2.6 % |
| Midtown South Manhattan Retail | 0.4 | 0.02 | 0.41 | 2.6 % | -0.92 % |
| Downtown Manhattan Retail | 0.23 | 0.0 | 0.23 | 6.2 % | -0.31 % |
| Total Manhattan Retail | 0.95 | 0.04 | 0.99 | 3.2 % | -0.3 % |
| 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 | 0.88 | 0.08 | 0.96 | 5.77 % | -2.6 % |
| Midtown South Manhattan Retail | 0.92 | 0.06 | 0.98 | 5.71 % abc | -0.92 % |
| Downtown Manhattan Retail | 0.31 | 0.01 | 0.32 | 8.32 % | 0 % |
| Total Manhattan Retail | 2.11 | 0.15 | 2.26 | % | -1.55 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.0 million RSF to 0.99 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.36 million RSF to 0.34 million RSF
- Midtown South Retail space vacancies stayed at 0.41 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.23 million RSF.
