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September 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 | 0.38 | 0.02 | 0.4 | 3.7 % | -0.99 % |
| Midtown South Manhattan Retail | 0.38 | 0.01 | 0.4 | 2.6 % | -4.34 % |
| Downtown Manhattan Retail | 0.17 | 0.0 | 0.17 | 5.4 % | -49.08 % |
| Total Manhattan Retail | 0.93 | 0.04 | 0.96 | 3.4 % | -11.94 % |
| 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 | 0.84 | 0.07 | 0.91 | 5.43 % | -0.99 % |
| Midtown South Manhattan Retail | 0.77 | 0.06 | 0.83 | 4.87 % abc | -4.34 % |
| Downtown Manhattan Retail | 0.24 | 0.0 | 0.24 | 5.67 % | 0 % |
| Total Manhattan Retail | 1.85 | 0.13 | 1.98 | % | -8.31 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space decreased from 1.08 million RSF to 0.96 million RSF
- Midtown Manhattan Retail vacancy decreased from 0.43 million RSF to 0.4 million RSF
- Midtown South Retail space vacancies increased from 0.35 million RSF to 0.4 million RSF.
- In Downtown Manhattan, Retail vacancy decreased from 0.29 million RSF to 0.17 million RSF
