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November 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 | 0.5 | 0.02 | 0.53 | 3.5 % | -3.97 % |
| Midtown South Manhattan Retail | 0.59 | 0.06 | 0.65 | 4.8 % | 3.86 % |
| Downtown Manhattan Retail | 0.35 | 0.0 | 0.35 | 7.7 % | 2.53 % |
| Total Manhattan Retail | 1.44 | 0.09 | 1.53 | 4.6 % | 2.05 % |
| 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 | 0.95 | 0.09 | 1.05 | 6.06 % | -3.97 % |
| Midtown South Manhattan Retail | 1.36 | 0.12 | 1.49 | 8.05 % abc | 3.86 % |
| Downtown Manhattan Retail | 0.44 | 0.02 | 0.46 | 9.61 % | 0 % |
| Total Manhattan Retail | 2.75 | 0.24 | 2.99 | % | 0.91 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.5 million RSF to 1.53 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.51 million RSF to 0.53 million RSF.
- Midtown South Retail space vacancies increased from 0.63 million RSF to 0.65 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.36 million RSF to 0.35 million RSF
