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October 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 | 0.48 | 0.03 | 0.51 | 3.4 % | 0.48 % |
| Midtown South Manhattan Retail | 0.57 | 0.07 | 0.63 | 4.5 % | 4.61 % |
| Downtown Manhattan Retail | 0.36 | 0.0 | 0.36 | 7.8 % | 0.54 % |
| Total Manhattan Retail | 1.4 | 0.1 | 1.5 | 4.4 % | 4.17 % |
| 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 | 0.99 | 0.1 | 1.09 | 6.29 % | 0.48 % |
| Midtown South Manhattan Retail | 1.3 | 0.13 | 1.43 | 7.78 % abc | 4.61 % |
| Downtown Manhattan Retail | 0.44 | 0.01 | 0.44 | 9.41 % | 0 % |
| Total Manhattan Retail | 2.73 | 0.24 | 2.96 | % | 2.48 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.44 million RSF to 1.5 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.48 million RSF to 0.51 million RSF.
- Midtown South Retail space vacancies increased from 0.59 million RSF to 0.63 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.36 million RSF.
