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May 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 | 0.33 | 0.02 | 0.35 | 3.0 % | 16.26 % |
| Midtown South Manhattan Retail | 0.34 | 0.02 | 0.36 | 2.9 % | -5.09 % |
| Downtown Manhattan Retail | 0.25 | 0.0 | 0.25 | 6.9 % | 1.42 % |
| Total Manhattan Retail | 0.92 | 0.04 | 0.97 | 3.8 % | 1.04 % |
| 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 | 1.09 | 0.07 | 1.16 | 6.82 % | 16.26 % |
| Midtown South Manhattan Retail | 0.86 | 0.07 | 0.92 | 5.4 % abc | -5.09 % |
| Downtown Manhattan Retail | 0.34 | 0.01 | 0.35 | 9.03 % | 0 % |
| Total Manhattan Retail | 2.29 | 0.14 | 2.43 | % | 6.01 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.95 million RSF to 0.97 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.32 million RSF to 0.35 million RSF.
- Midtown South Retail space vacancies decreased from 0.38 million RSF to 0.36 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.25 million RSF.
