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September 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 | 0.46 | 0.02 | 0.48 | 3.3 % | 6.8 % |
| Midtown South Manhattan Retail | 0.53 | 0.07 | 0.59 | 4.4 % | 0.3 % |
| Downtown Manhattan Retail | 0.36 | 0.0 | 0.36 | 9.3 % | 4.65 % |
| Total Manhattan Retail | 1.35 | 0.09 | 1.44 | 4.5 % | 0.54 % |
| 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 | 1.08 | 6.27 % | 6.8 % |
| Midtown South Manhattan Retail | 1.23 | 0.13 | 1.36 | 7.44 % abc | 0.3 % |
| Downtown Manhattan Retail | 0.44 | 0.0 | 0.44 | 10.08 % | 0 % |
| Total Manhattan Retail | 2.65 | 0.23 | 2.89 | % | 3.41 % |
Manhattan Retail Rent Vacancy
- Total Available Manhattan Retail Space increased from 1.43 million RSF to 1.44 million RSF.
- Midtown Manhattan Retail vacancy decreased from 0.49 million RSF to 0.48 million RSF
- Midtown South Retail space vacancies increased from 0.58 million RSF to 0.59 million RSF.
- In Downtown Manhattan, Retail vacancy stayed at 0.36 million RSF.
