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March 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 | 0.55 | 0.03 | 0.57 | 3.8 % | 9.3 % |
| Midtown South Manhattan Retail | 0.52 | 0.04 | 0.56 | 4.1 % | 2.79 % |
| Downtown Manhattan Retail | 0.25 | 0.01 | 0.27 | 9.3 % | 1.75 % |
| Total Manhattan Retail | 1.32 | 0.08 | 1.4 | 4.6 % | -1.61 % |
| 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 | 0.93 | 0.09 | 1.03 | 6.0 % | 9.3 % |
| Midtown South Manhattan Retail | 1.22 | 0.11 | 1.33 | 7.32 % abc | 2.79 % |
| Downtown Manhattan Retail | 0.41 | 0.03 | 0.43 | 9.01 % | 0 % |
| Total Manhattan Retail | 2.56 | 0.23 | 2.79 | % | 5.02 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.42 million RSF to 1.4 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.59 million RSF to 0.57 million RSF
- Midtown South Retail space vacancies decreased from 0.58 million RSF to 0.56 million RSF
- In Downtown Manhattan, Retail vacancy increased from 0.25 million RSF to 0.27 million RSF.
