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November 2017 » 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 | 0.5 | 0.02 | 0.52 | 3.6 % | 0.28 % |
| Midtown South Manhattan Retail | 0.53 | 0.04 | 0.57 | 4.3 % | 2.1 % |
| Downtown Manhattan Retail | 0.21 | 0.02 | 0.23 | 8.4 % | 28.85 % |
| Total Manhattan Retail | 1.25 | 0.07 | 1.32 | 4.5 % | 9.1 % |
| 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 | 1.0 | 0.07 | 1.07 | 6.27 % | 0.28 % |
| Midtown South Manhattan Retail | 1.22 | 0.11 | 1.33 | 7.49 % abc | 2.1 % |
| Downtown Manhattan Retail | 0.38 | 0.03 | 0.41 | 8.36 % | 0 % |
| Total Manhattan Retail | 2.61 | 0.21 | 2.82 | % | 5.29 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.2 million RSF to 1.32 million RSF.
- Midtown Manhattan Retail vacancy stayed at 0.52 million RSF.
- Midtown South Retail space vacancies increased from 0.55 million RSF to 0.57 million RSF.
- In Downtown Manhattan, Retail vacancy increased from 0.13 million RSF to 0.23 million RSF.
