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May 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 | 0.45 | 0.0 | 0.45 | 3.1 % | 6.14 % |
| Midtown South Manhattan Retail | 0.66 | 0.08 | 0.74 | 5.1 % | -5.26 % |
| Downtown Manhattan Retail | 0.29 | 0.0 | 0.29 | 8.9 % | -4.44 % |
| Total Manhattan Retail | 1.4 | 0.08 | 1.48 | 4.7 % | -2.84 % |
| 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 | 0.84 | 0.05 | 0.89 | 4.89 % | 6.14 % |
| Midtown South Manhattan Retail | 1.39 | 0.12 | 1.51 | 8.04 % abc | -5.26 % |
| Downtown Manhattan Retail | 0.41 | 0.0 | 0.41 | 8.01 % | 0 % |
| Total Manhattan Retail | 2.63 | 0.17 | 2.81 | % | -1.52 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.52 million RSF to 1.48 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.45 million RSF.
- Midtown South Retail space vacancies decreased from 0.77 million RSF to 0.74 million RSF
- In Downtown Manhattan, Retail vacancy decreased from 0.3 million RSF to 0.29 million RSF
