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April 2016

April 2016 » Market Analysis » New York Retail Report

April 2016 NYC Retail Space Graphs and Statistics


NEW YORK RETAIL VACANT SPACE
(In Millions of Rentable Square Feet)
Direct Sublease Total % Vacant % Monthly Change
Midtown Manhattan Retail 0.3 0.02 0.32 3.0 % 0.62 %
Midtown South Manhattan Retail 0.37 0.01 0.38 2.5 % -0.51 %
Downtown Manhattan Retail 0.25 0.01 0.25 6.6 % 6.36 %
Total Manhattan Retail 0.91 0.04 0.95 3.1 % -3.87 %
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 0.91 0.06 0.97 5.78 % 0.62 %
Midtown South Manhattan Retail 0.91 0.06 0.97 5.66 % abc -0.51 %
Downtown Manhattan Retail 0.33 0.02 0.35 8.86 % 0.0 %
Total Manhattan Retail 2.16 0.13 2.29 % 1.01 %

Manhattan Retail Rent Vacancy

  • Total Available Manhattan Retail Space decreased from 0.99 million RSF to 0.95 million RSF
  • Midtown Manhattan Retail vacancy decreased from 0.34 million RSF to 0.32 million RSF
  • Midtown South Retail space vacancies decreased from 0.41 million RSF to 0.38 million RSF
  • In Downtown Manhattan, Retail vacancy increased from 0.23 million RSF to 0.25 million RSF.
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