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October 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 | 0.37 | 0.03 | 0.4 | 3.8 % | -4.48 % |
| Midtown South Manhattan Retail | 0.36 | 0.01 | 0.38 | 3.1 % | 3.38 % |
| Downtown Manhattan Retail | 0.17 | 0.0 | 0.17 | 4.9 % | -1.03 % |
| Total Manhattan Retail | 0.9 | 0.04 | 0.94 | 3.6 % | -2.12 % |
| 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 | 0.8 | 0.07 | 0.87 | 5.2 % | -4.48 % |
| Midtown South Manhattan Retail | 0.79 | 0.07 | 0.86 | 5.02 % abc | 3.38 % |
| Downtown Manhattan Retail | 0.22 | 0.02 | 0.24 | 5.23 % | 0 % |
| Total Manhattan Retail | 1.82 | 0.15 | 1.97 | % | -0.63 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 0.96 million RSF to 0.94 million RSF
- Midtown Manhattan Retail vacancy stayed at 0.4 million RSF.
- Midtown South Retail space vacancies decreased from 0.4 million RSF to 0.38 million RSF
- In Downtown Manhattan, Retail vacancy stayed at 0.17 million RSF.
