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September 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 | 0.47 | 0.02 | 0.49 | 3.4 % | -2.65 % |
| Midtown South Manhattan Retail | 0.49 | 0.03 | 0.52 | 4.0 % | 0.23 % |
| Downtown Manhattan Retail | 0.12 | 0.02 | 0.13 | 5.2 % | -3.29 % |
| Total Manhattan Retail | 1.07 | 0.07 | 1.14 | 3.9 % | 3.44 % |
| 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 | 0.24 | 1.24 | 7.19 % | -2.65 % |
| Midtown South Manhattan Retail | 1.16 | 0.12 | 1.28 | 7.22 % abc | 0.23 % |
| Downtown Manhattan Retail | 0.21 | 0.03 | 0.24 | 5.32 % | 0 % |
| Total Manhattan Retail | 2.38 | 0.39 | 2.77 | % | -1.37 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.1 million RSF to 1.14 million RSF.
- Midtown Manhattan Retail vacancy increased from 0.48 million RSF to 0.49 million RSF.
- Midtown South Retail space vacancies increased from 0.48 million RSF to 0.52 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.13 million RSF.
