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November 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 | 0.4 | 0.02 | 0.43 | 4.0 % | -1.99 % |
| Midtown South Manhattan Retail | 0.37 | 0.01 | 0.39 | 3.0 % | 6.63 % |
| Downtown Manhattan Retail | 0.17 | 0.0 | 0.17 | 4.9 % | 7.98 % |
| Total Manhattan Retail | 0.95 | 0.04 | 0.98 | 3.7 % | 4.07 % |
| 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 | 0.78 | 0.07 | 0.85 | 5.12 % | -1.99 % |
| Midtown South Manhattan Retail | 0.86 | 0.06 | 0.92 | 5.37 % abc | 6.63 % |
| Downtown Manhattan Retail | 0.24 | 0.02 | 0.26 | 5.66 % | 0 % |
| Total Manhattan Retail | 1.89 | 0.15 | 2.04 | % | 3.19 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 0.94 million RSF to 0.98 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.4 million RSF to 0.43 million RSF.
- Midtown South Retail space vacancies increased from 0.38 million RSF to 0.39 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.
