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October 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 % | -16.26 % |
| Midtown South Manhattan Retail | 0.53 | 0.03 | 0.55 | 4.1 % | 1.99 % |
| Downtown Manhattan Retail | 0.11 | 0.02 | 0.13 | 6.5 % | 16.49 % |
| Total Manhattan Retail | 1.14 | 0.06 | 1.2 | 4.2 % | 5.34 % |
| 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 | 6.26 % | -16.26 % |
| Midtown South Manhattan Retail | 1.2 | 0.1 | 1.31 | 7.34 % abc | 1.99 % |
| Downtown Manhattan Retail | 0.26 | 0.03 | 0.29 | 6.3 % | 0 % |
| Total Manhattan Retail | 2.46 | 0.2 | 2.67 | % | -3.75 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.14 million RSF to 1.2 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.49 million RSF to 0.52 million RSF.
- Midtown South Retail space vacancies increased from 0.52 million RSF to 0.55 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.13 million RSF.
